Short Sale Information
SHORT SALES
What is a short sale?
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their home than it is worth in the current market. While it used to be rare for a bank to accept a lower amount than what is owed on the property, banks and lending institutions have become much more flexible when it comes to negotiations on price due to the current real estate market and the changes made by the federal government.
How would I qualify for a short sale?
In order to qualify for a short sale you must prove to the bank that you have a sincere hardship and an inability to make you payments. You must show that your have true financial hardship, less monthly income, divorce or another situation that is causing you financial distress. Showing the lender that you lack the financial ability or liquid resources to keep up with your monthly payments is key.
As a Certified Distressed Property Expert, I have the information and expertise to help you. This is a complicated process that can be difficult if tackled alone. Call today and I will be happy to provide you with a free evaluation of your individual situation to see if a short sale is the right avenue for you!
