Short Sale Agents arrange with mortgage lenders to agree to accept a mortgage payoff that falls short of the balance that is owed by a borrower. In other words, a bank agrees to accept less than what is owed on a borrower’s mortgage. Foreclosure is avoided through the short sale process, which is the primary goal so that the borrower’s credit is not severely damaged as it would be through a foreclosure. If a foreclosure is imminent short sale can help soften the blow.
A foreclosure can seriously affect an individual’s credit and financial future. As a result, and because of the stress that the foreclosure process can cause, most homeowners are willing to consider just about any alternative. When facing foreclosure, the worst thing that a homeowner can do is nothing at all. By being proactive, a borrower can often find viable alternatives to foreclosure and a short sale is one of the most popular and realistic options. For those who are facing the prospect of a foreclosure, a short sale might be the right option.
Real estate short sales can be complicated for everyone involved whether you’re a seller, buyer, investor, agent or even a bank. Our Free Short Sale Help was designed to clear up the complicated world of real estate short sales and make it possible for anyone who owes more on their mortgage than their home is worth to find their way.
So call us now to find out more about Short Sale Help:
Call Now: (888) 9-List-It.
That’s (888) 954-7848.