Short Sale Resource & Information Red Oak, Waxahachie, Midlothian, Ellis County Texas

Short sale is when your lender/mortgage company agrees to accept less money than you owe and allow the sale of your home. Sometimes with a promissory note for a portion of the amount short to pay off the loan in full, sometimes with no note and sometimes they won't commit to anything.

Regardless of what your lender agrees to, selling as a short sale is much less damaging to your credit and potential financial obligations after the transaction is complete.

Foreclosure leaves you with a mark on your credit potentially forever and you will be waiting to see if your lender is going to pursue a judgement against you for the shortage of what they sold for vs what you owed.

With a short sale, you have many benefits. Homes sold through a short sale rather than foreclosure generally sell for more money therefore reducing the gap between what is owed and the sales price. Most times we can work out the expectations of your lender for any shortage prior to closing, so you know what you are facing and your credit may not be damaged so badly sometimes they will agree prior to closing how your mortgage will be reflected on your credit report.

If you have hit a bump in the road as so many homeowners have, then you know that it is highly likely that you will recover once you get past some of the big obstacles. You need to have your credit in tact as much as possible to speed your recovery.

I am here to help you through this difficult process and assist you in moving on with your life. I am a CDPE® Certified Distressed Property Expert and Realtor®. Serving Ellis County & Southern Dallas County, including but not limited to Red Oak, Waxahachie, Midlothian, Lancaster, DeSoto and Cedar Hill, Texas.

Call or email with questions-Sandy Wickware 469-363-8501 s_wickware@hotmail.com RE/MAX Best