Are you behind on your Mortgage payment?A Short Sale May Be Your Answer!
What is a Short Sale?
A short sale is the sale of a property when sales proceeds do not fully pay off the existing loan(s) and lender(s) accepts a discounted payoff to fully satisfy the loan.
Is a Short Sale right for me?
If you will be unable to meet your obligation on your
mortgage, your lender would prefer to settle the matter with you
as opposed to taking the property through foreclosure. As you
consider the option of pursuing a Short Sale, remember your
lender is looking to limit any potential loss on your loan. By
completing a Short Sale, your lender has arrived at a solution
that is, for them, much better than a foreclosure.
For more information if a Short Sale is right for you click here.