Short Sales 

Understanding Your Short Sale Options

 

Are you struggling with your mortgage payments or concerned that your property may be heading toward foreclosure?

Have you considered whether a short sale may be an option?

A short sale can provide a way for a homeowner to sell a property for less than the amount owed on the mortgage, with the approval of the lender. For some homeowners, a short sale may provide an alternative to allowing the property to proceed through foreclosure.

I am well versed in the short sale process and have experience helping homeowners navigate these transactions. I understand that a short sale requires careful coordination between the homeowner, real estate professional, mortgage lender, and other professionals involved in the transaction.

Is a Short Sale Right for You?

Every homeowner's situation is different. A short sale may be worth considering if you are having difficulty keeping up with your mortgage, owe more than the property's current market value, are facing financial hardship, or are concerned about the possibility of foreclosure.

A short sale does affect your credit and can have financial and tax consequences. However, the impact and future mortgage eligibility can vary depending on your individual circumstances, payment history, lender requirements, and the type of financing you may seek in the future.

The important thing is to understand your options before the situation progresses further.

I can help you evaluate the real estate side of the situation, determine the property's current market value, prepare and market the property, negotiate with prospective buyers, and coordinate the transaction with the lender and the professionals advising you.

Because short sales involve significant financial and legal considerations, I encourage homeowners to consult with their attorney, tax professional, or financial advisor regarding their individual circumstances and the potential consequences of a short sale.

If you are concerned about your mortgage, believe you may owe more than your property is worth, or are worried about foreclosure, don't wait until you have run out of options.

Contact me for a confidential conversation about your property and whether a short sale may be worth exploring.