A short sale can help people who are behind on their mortgage payments, can no longer afford their homes but want to avoid foreclosure regardless of good or bad credit. We are certified short sale specialists who can offer foreclosure prevention services and will negotiate with your lender to help save your credit.
What’s a Short Sale? A short sale is a pre-foreclosure arrangement with a lender, whereby they will allow an owner to sell a property for less than the amount of the current mortgage balance. The owner is unfortunately what lenders call “upside down”.
Barely Making your Mortgage Payments? Through no fault of their own, many find themselves in a real estate distress situation. If you have no equity or owe more on your property than it’s currently worth, then a short sale might be the best solution. We negotiate with your lender on your behalf to get the lender in most cases to pay all sales costs, title fees, escrow in addition to our sales commission.
New Foreclosure Trend: With the never-ending drop in property values, many homeowners are taking radical action. They are choosing to walk away from their homes and mortgages. Not because they can’t make their payments, it’s a business decision for their family that the smartest thing they can do is walk away from their home. A better no cost option is a short sale – These same people could avoid foreclosure, still escape their mortgage and save their credit as well.
Below are the critical mistakes most people make with no solution for their mortgage problem. When all their resources are depleted and there is still no solution to the impending problem, people find themselves in real trouble.