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What is a Short Sale?

If you owe more on your house than what your house is worth. This is considered being “Upside Down” on your mortgage. In this case we may be able to negotiate with your bank via a short sale to settle for a lower amount and prevent foreclosure in the process.  A short sale is often used as an alternative to foreclosure because it lowers the additional fees and costs to both the mortgage company and borrower. Both often result in a negative credit report against you.

We will take over all the work needed to be done. Which includes.

  • Communicating with the bank.
  • Filing forms
  • Negotiations
  • Paperwork
  • And closing

You may be eligible for short sale if any of these represents your situation:

You’re a financial difficulty, for instance reduced earnings, medical expenses or divorce

Your debt is more than what the house than it’s worth

You cannot afford to pay your current payment amount

You cannot increase your present home loan

You’ve received an offer on the property and are willing to sell.

 

 

  • Created On: August 14, 2015
  • Last Updated On: August 14th, 2015 at 3:53 am
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