“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Do not lose your home to Foreclosure, Short Sale your home

"Do not lose your home to Foreclosure, Short Sale your home"

Owners in distress and who are in Pre-Foreclosure have the options to sell your house through a Short Sale. If you are unable to afford your monthly mortgage payment, don't hide in the sand and wait for miracles to happen.

You need to take actions in order to get yourself and your family out of the negative situation you're in. Waiting until the last minute can put you in a more detrimental situation which can lead to Foreclosure or Bankruptcy. It can help save your credit and get your life back on track. However, you must have a Hardship in order to qualify to Short Sale your home.

Here are some hardships that may qualify.

1) Mortgage interest payments have increased

2) Negative equity on your home

3) Loss of job

4) Divorce or separation

5) Job relocation

6) Loss of additional household income

7) Illness or medical issues

8 ) Balloon payment on your mortgage due

9) Large negative amortization

10) Loss of rental income

Short sale is a good solution. If you have any questions, feel free to contact me and my team and we can provide you with some guidance on shortsaling your house.

"Do not lose your home to Foreclosure, Short Sale your home"

Posted Tuesday Oct 27