Declining property values, unemployment and increased expenses are just a few of the concerns facing homeowners. Tough economic conditions have taken their toll on customers as they are unable to make their mortgage payments. We remain committed to working with our customers to find solutions enabling home retention and foreclosure avoidance whenever possible. When should a short sale be considered ? A short sale should be considered when there are no other options. Examples for consideration: when a homeowner is no longer interested in retaining the property; when a homeowner is unable to meet financial obligations; when the homeowner is unable to qualify for a home retention product; or when an homeowner can not sell the property for the full amount owned. What is a short sale ? A short sale allows the borrower [homeowner] to sell the home for less than the total amount due on the mortgage loan secured by the home. It helps the borrower avoid foreclosure and mitigates some of the lender's loss through avoiding or minimizing foreclosure activities. The borrower does not receive any of the proceeds from a Short Sale.
To get more information or help, please call our office or submit your info below, and we will contact you as soon as possible for a confidential conversation. |
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