Sell with us.
SHORT SALE
We will handle the listing of your home while professional short sale negotiators handle the negotiations with your lender(s).
What is a Short Sale?
A short sale takes place when a person sells his/her property for less than the amount owed on the mortgage.
Why conduct a short sale? A short sale is less burdensome on your credit than a foreclosure. After a short sale, you can start rebuilding your credit in as early as 12 months. With a foreclosure, your credit is negatively impacted for 7 years.
A foreclosure will not allow the purchase of another home for five to seven years. The lender has the right to pursue you for all fees associated with the mortgage. In some cases, the lender has the option to place a judgement against you.
While the short sale is being negotiated, you can remain inside your property.
You may be eligible to receive a relocation payment from the lender.
Loan Modification
A permanent restructure of the current mortgage where one or more of the existing terms of the borrower’s loan are changed to provide a more affordable payment. This option will allow you to remain in your house and will have less of an adverse effect on your credit than a short sale or foreclosure.
A loan modification is designed to provide relief on the amount on the amount of interest due which ultimately will allow you to remain in the house. However, keep in mind that you are still paying on a house that could potentially be worth less than what you owe.
Contact us using the form below if you have questions and would like additional information.