There are many homeowners who must sell their house, but its value is less than the amount owed to the lender. A short sale is one in which the lender is willing to take less for the property than the amount you owe on the mortgage.
For example, if you owe $200,000 on the house, but market value has dropped to $150,000, the bank may allow you to sell the house for $150,000 and will either
Lenders typically won’t approve a short sale unless the seller is having major financial difficulties and can’t afford to make their mortgage payments. This could be the result of divorce, loss of job, illness, or something else that has caused financial problems.
In order to qualify for a short sale, you must be able to prove to the bank that you can’t afford to make the payments, by giving them the details of your finances.
We know how to get your house sold in this market for the highest possible price in the shortest timeframe. We focus on the following services that have proven to be effective in this market: