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A short sale allows a cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
What type of sellers should consider a short sale?
1) Sellers who are behind on their mortgage payment.
2) Sellers who have lived in a property less than 5 years.
3) Sellers NOT behind on mortgage, but strapped for cash.
4) Sellers with 100% financing or adjustable rate mortgage.
5) Sellers where one or both sellers have lost their job.
6) Divorced sellers or sellers in the process of divorce.
7) Sellers forced to relocate due to new job or transfer.
8) Sellers who are behind on their mortgage, but want us to help them keep their property.
9) Sellers who are behind on their mortgage, and want us to try to help them protect their credit.
10) Sellers who feel their mortgage is too high, and want to get out of it AND at the same time, try to save their credit rating.
Call us at (713) 303-3036 if you have any questions regarding short sales!
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