Short Sale Department
If you fear you may be facing foreclosure, you have options, and you
are not alone. Many lenders are willing to work with you.
The first thing you should do, is call your lender and ask for a loan
modification-- to lower the interest/payments.
If this is not an option, you should consider a short sale...
What is a short sale?
A short sale is when the lender is willing to allow you to
sell your home for less than what is owed, and forgive you
for the balance.
It is important to start the short sale process early.There is only a limited amount of time from default to foreclosure.
The Benefits of a Short Sale
A short sale shows as a "ding" on your credit report, but
is much less harmful than a foreclosure.
A foreclosure prevents you from buying again for up to
seven years, while a short sale could be as little as one.
And most importantly, it is a resolution to an otherwise
desperate situation.
If you think a short sale will benefit you, click here to download short sale documents, and contact me today.
