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| You have options. Valley Short Sale Assistance can help you understand them.
There are many reasons why a Short Sale can be more beneficial for you than a Foreclosure. If a homeowner owes more on their property than it is currently worth then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: payment increase, job loss, divorce, excessive debt, forced or unplanned relocation and more. What is a Short Sale? A short sale is the process by which a homeowner can sell a house for less money than he actually owes on the mortgage(s). This is done by the buyer or investor providing proper documentation to the mortgage lenders to convince them to reduce the mortgage balance to allow the sale. The mortgage lender (or bank) actually takes a loss on the mortgage because the value of the home has fallen below the mortgage balance AND the homeowner is in a poor financial condition that will not allow him to continue to pay on time. If the bank approves the discount on the mortgage, the home can be sold for a lower price without the seller having to come up with cash to cover the shortfall, and the mortgage is satisfied and the foreclosure process stops. Stop Foreclosure We are here to help stop foreclosure on your home and give you every foreclosure option available. We have helped many homeowners stop foreclosure and save their homes. Our team understands this delicate time and is prepared to help you every step of the way. It is very important to make an informed decision and time is critical in order to stop foreclosure. Read the valuable information we've provided and request a consultation using the form below when you are ready. |
Do I qualify for a short sale?
Each situation is different and must be evaluated individually. If you believe you fit the basic criteria of:
Where can I find more info? On this website On our other websites On third-party websites
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