Short Sale
What is a Short Sale? A short sale occurs when the homeowner owes more than the home's current market value and the homeowner is no longer able to pay the mortgage payments. A Short Sale, unlike Foreclosure allows all liens on the home to be satisfied upon closing. This includes but is not limited to Home Equity Lines, Second Loans, Down Payment Assistance Liens, Solar Liens, HOA liens and more. It allows you to stay in your home during the process and will delay the foreclosure proceedings. If you are in this situation, you want to be sure you are working with a Realtor who has experience with short sales, because they are complicated transactions and hiring the wrong agent can be detrimental.
If you are behind on your mortgage payments or have recently been served with a notice of default, I am here to help. By reaching out to me today, I can help you determine:
- Are you truly upside down or do you have Equity? If you have equity in the home, I can help you protect it from the banks.
- How long the process will take based on who your lender is.
- Explain to you in depth the difference between selling short and foreclosing.
Help and Guidance is a phone call or click away. Your situation is time sensitive, so reach out now and let's get started.
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