Are you or is someone you know facing foreclosure? A Short Sale may be the answer. Did you know that:

A homeowner who loses a home due to foreclosure is ineligible for a Fannie Mae-backed mortgage for a period of 5 years. A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed mortgage after only 2 years.

If you or someone you know is in need of help please give us a call. We are CDPE certified and we may be able to help you avoid foreclosure.

 
Posted by Shayne Kilber, Realtor, CDPE, GRI, CNE, CSSN on 10/22/2009 01:20 AM   Comments (2)  

2 Comments on Foreclosure VS Short Sale

OCT
22
Outside Blog Hit Router

Shayne - You are so right.  Another advantage of a short sale is that in some cases the shortage is forgiven, making the life of the borrower a lot easier in the end.
4:29am • #1

Bob,

 

I will actually be covering 9 other differences also.  Homeowners need to know there may be other options than just going into foreclosure and they need to know how each will affect them.

Thanks!
11:05am • #2

Leave a response…

(optional)
What does the graphic say?
 
Rainmaker_large

Shayne Kilber, Realtor, CDPE, GRI, CNE, CSSN

Surprise, AZ

More about me…

Keller Williams Professional Partners

Office Phone: (623) 344-8011

Cell Phone: (623) 853-6644

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Surprise real estate on ActiveRain.