Not sure what a short sale is? A short sale happens when the value of a home is less than what is owed on the mortgage. This may be caused by many things, but most commonly it is a result of a rapidly declining real estate market.
For many homeowners, a short sale is an ideal way to avert foreclosure or bankruptcy by asking the lender to allow the sale and forgiving the remainder of the loan.
What's involved in a short sale?
First, find out the true market value of your home. Since hiring a licensed appraiser may not fit your already tight budget, an experienced real estate agent that knows your current market is the best way to get a realistic opinion of what your home could sell for.
The next steps involve getting the lender to participate and approve the sale at market price.
Let me help.
I have been certified as a Home Rescue Expert and can help sellers who need to know if they can sell their home for less than their mortgage.
If you are in distress and cannot afford to pay your mortgage, or need to relocate, please call me to see what options are available to you. There could be options other than a short sale.