Are you having a hard time paying your mortgage? Are you suffering from a hardship? Do you owe more on your mortgage than your home’s current market value? You may be eligible to short sale your home! Banks prefer to short sale rather than foreclose on homes. If you answered yes to any of those questions, you must act fast.
What we 0ffer
We outline a precise process to list your home and get the short sale process going. We then find a buyer that’s perfect for buying your home. The buyer must be ready, willing and able. Moreover, the buyer must be patient while your lender considers their offer. We make the process smooth since we use an experienced short sale facilitator to ensure your file is processed by the bank in a timely manner.
What’s needed to short sale your home?
- You must have a hardship that’s preventing you from making your mortgage payment.
- A licensed real estate agent list your home for sale.
- A ready, willing, and able buyer.
With the above 3 your lender will prefer to short sale your home. It’s favorable for them to short sale rather than foreclose. If the bank approves the sale you may even be paid for the sale.
Short Sale Benefits
Unless you agree you will no longer owe your lender once the sale is complete. Your credit will be slightly damaged, but you’ll be eligible to purchase another home in as little as 2-3 years. Your credit will not be tainted with foreclosure, preventing you from employment and tarnish your credit with landlords and lenders.
Short Sale Vs. Foreclosure
A foreclosure will remain on your credit for 7 years or more. After you complete a short sale only late payments to your lender will show on your credit. Once your home is sold short your mortgage is typically reported as “paid as agreed” or “settled.” Furthermore, during your future job search, employers may require credit checks during the application process. A foreclosure reported on your credit is a detrimental credit item while seeking employment. If your home is sold via short sale it will not be reported to your credit as such. This will not pose as a challenge during your future job search.
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