Short Sales and Foreclosures in Tennessee

Do you feel like someone just burst your bubble? You purchased a home maybe 2-4 years ago and what promised to be your great investment has just turned into your biggest nightmare!!! Are you facing financial hardship for one of the following reasons listed below:

• You have lost your job
• Your Mortgage has an adjustable rate
• and your payment has increased.
• Your small business has failed.
• Your property has been damaged and you are unable to make repairs.
• Death of a Spouse or a Wage Earner
• Severe Illness or Injury
• Inherited a Property with debt
• Divorce or Separation
• Relocation
• Tax Increase
• Military Service
• Reduction of Income such as in a commission based job
• Incarceration

If one of these above reasons is affecting you in being able to make your mortgage payments and you are upside down on your mortgage and feel trapped, a short sale might be the answer for you.

Unlike a foreclosure, a short sale does not challenge most security clearances or employment. Only late payments on a mortgage will show up and after the sale, mortgage will be reported as paid or negotiated. If all other credit is on time, this could only reduce your credit score by 50 points.

If this is you, and you are in finacial distress, call me today, Maria Holland, at RE/MAX Elite at 615-289-6056/615-661-4400 to discuss your options. Don't let your home go into foreclosure. There are better alternatives. www.mariaholland.net