If you are in a situation where your home is worth less than you paid and you are finding it harder to pay your mortgage you aren't alone. Experts are predicting that nearly 50% of the real estate transactions in 2009 will involve a  short sale or foreclosure. Rather than ruin your credit for years to come you can opt to sell your home short. That means you can neqotiate with your bank for a lower payoff.

Banks are much more apt to accept short sales these days due to the high costs of foreclosure which include: carrying costs, attorney fees, property repairs, brokerage and more.

In order to qualify for a short sale today you will need to show:

• Financial hardship- loss of job, loss of cash flow, death, divorce. Hardships are much less scrutinized these days and are can be directly related to your finances in many cases.
• Financial shortfall-inability to make your monthly payments
• Insolvency- more debt than income and assets

Do not be embarrassed to make the phone call. Again, experts predict nearly 50% of a ll real estate transactions this year will include a short sale or a foreclosure.

For more information or an on line application go to:

www.reosandshortsales.com

Germantown Short Sale Help       Germantown Maryland Real Estate    Gaithersburg Maryland Real Estate