How Short Sales Work...
Get Out of Foreclosure With A Short Sale
Being foreclosed upon can be a scary premise. Nobody expects to fall behind on their mortgage, but the last year has been anything by expected.
The process may seem daunting or intimidating, but that’s why we’re here to help you navigate and understand the process along the way.
So What Is A Short Sale?
A short sale occurs when a property (land, residential, or commercial) is sold at a price lower than the amount the homeowner owes on the mortgage, as agreed to by the lender, investor or mortgage insurer.
To qualify for a short sale as a homeowner, you must meet three simple requirements:
You must have a valid financial hardship that states why you’re unable to make your mortgage payment.
You must have verifiable financials that clearly show you’re not able to afford your monthly payment obligations.
Are you making these mistakes in your foreclosure?
Homeowners often feel powerless when they find themselves in the middle of a foreclosure. We want to give your some feedback. We’ve created blueprint that will help to understand the exact methods we use to prevent foreclosures every day.