Our Short Sale Services
- If You’re Experiencing Difficulty Paying Your Mortgage And Need To Sell Your Home Due To Unemployment, Increased Expenses, Divorce, Disability, Or Any Financial Problem, A Short Sale Is A Free Option That Can End Your Mortgage Trouble Permanently.
- We Have The Expertise To Get The Short Sale Approved For You As Quickly As Possible.
- Our Team Will Manage All Paperwork And Facilitate The Process With Your Lender.
What is a Short Sale?Here
A real estate short sale is a sale that occurs when a homeowner owes more money on their mortgage than the market value of their home.
How long a short sale will take is based on different factors.
Does the homeowner have more than one loan for their home?
Do they have mortgage insurance?
What type of loan(s) do homeowners have for their home?
f you can show a hardship and that you do not have sufficient income to make reasonable payments, you can request to sell your home via a short sale with your lender or servicer.
These steps outline the process for a Real Estate Short Sale.
- Gather your financial information: You will need to document your income and expenses, as well as any recent changes that have led to financial hardship. You will also need a copy of your current mortgage statement for reference.
- Contact your lender: You should call your lender or servicer and request to speak with someone about a short Sale. You will typically be assigned a representative or team that will work with you throughout the short sale process.
- Complete an application: In order to get the short sale process started, you will need to complete a request for mortgage assistance application. The application will request relevant financial information such as your income and expenses, and the details of your hardship that have left you unable to afford your current mortgage payment.
The bottom line is that real estate short sales do take a long time to complete for both the selling and buying process, and an exact timeline is hard to determine. Homeowners who are contemplating a short sale as an option should be prepared for the process to be lengthy. Homeowners who can continue to pay their mortgage while the short sale is taking place may be able to avoid the worst credit impacts, meaning that anyone who is trying to sell their home as a short sale should budget, plan and be prepared.
Home buyers who are contemplating purchasing a short sale may also have a long wait ahead of them. During the short sale process, some banks take weeks to respond to offers, while others never respond at all. Patience is key to purchasing a short sale home. Contact us now for a free consultation.
