WHAT IS A SHORT SALE

Dear Homeowner,
There are countless hardships that can turn home ownership from a joy into a burden.  The loss of a job, medical bills, or an unexpected hike in monthly payments can all make a mortgage unaffordable.  But ignoring the bills will not make them go away it will only make things worse.
 
If you need help, there are approaches that can help, but you may not be familiar with them.  One of these is a “short sale.”
 
In an approved short sale, the lender agrees to accept less than is owed for the property and the homeowner is relieved of the debt.  A lender may be willing to do this because it spares a lot of hassle and expense involved in executing a foreclosure.  And typically, a short sale does far less damage to the homeowner’s credit than a foreclosure does.
 
Banks DO NOT pre-approve a short sale over the phone, but, even after you have received a notice it is still possible, in most cases, to negotiate a short sale.
 
If you would like to explore the possibility of a short sale for your property, avoid foreclosure, and potentially save your credit rating, please call me today!
 
Our qualified Short Sale Team includes an experienced attorney, a successful loss mitigation/bank negotiator and a short sale proven Realtor who will have helpful information for you.
 

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