Short Sale Services

Homeowners who are upside down and can no longer make their mortgage payment (because of  a job loss, divorce, or a rising option ARM loan), be aware that letting the bank foreclose is not your only option. A foreclosure stays on your credit record for at least 10 years and your ability to purchase again will be close to impossible. Why not exercise your best option:  a short sale.  A short sale happens when your bank agrees to sell your property for a loss in order to avoid foreclosure. 

Important Short Sale Facts:

  

  1. The lender could still demand the homeowner make some kind of payment or share the loss.
  2. The lender may report their loss as income to the IRS.
  3. A Short Sale may affect your credit score

 

Due to the short sale process being long, detailed and at the mercy of the bank, you'll want to consult with experienced professionals that will work with both you and the bank to help you avoid foreclosure.  For more information feel free contact us.