If I am behind on my mortgage payments, but not yet in foreclosure. Can I do a short sale?

If I am behind on my mortgage payments, but not yet in foreclosure. Can I do a short sale?

Yes and this is happening with much greater regularity. Sometimes, these are actually the most attractive short sales for an buyer/investor and a lender because a lender can avoid ALL the costs of foreclosure with a short sale before foreclosure is filed.

In these case, it is more important to have a very good "hardship" story to explain to the lender why you are unable to make the payments.

A Short Sale is a win-win solution for the home owner, the lender, and the buyer. The lender gets the highest price for a quick sale at the current market price. The borrowers get their credit restored and generally get relief from possible future legal actions and deficiency judgments.

My house needs a lot of repair; can you still do a short sale?

Yes, though it can make the process more difficult because the price must be substantially lower. The key is to be able to show the bank's appraiser all the work that needs to be done. Let us know if this is the case with your home.

The end result is the condo or home is sold, the mortgage is satisfied (paid off) and the seller avoids a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, a sellers credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.

Call The Myrtle Beach Short Sale Team today 843-222-1926

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

Jerry Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 839-9870; Put our team to work for you today.