If you are one of the many Elk Grove area distressed homeowners right now, you are having to make some difficult decisions. To help you decide whether or not a short sale is right for you, we have put together a list of some items for you to consider.
If -
You are behind on your payments or are likely to become behind on your payments in the near future.
You have lost your job, have decreased monthly income, are going through a divorce, have increased expenses, or one of many other hardships facing homeowners today.
You are NOT behind on your payments, but have to move and your home is worth less than you currently owe on it. Reasons for having to move could include job transfer and retirement.
You are having to tap into other credit to make your monthly payments.
You have been denied a loan modification and cannot keep up with your monthly payments.
If you fall into any of these categories, a short sale might be right for you. To find out more about short sales, check out these other blogs:
Elk Grove Short Sales - Important Questions Answered
Elk Grove Short Sales - Is this the market of the moment?
Wachovia Short Sales Made Easy
For more information on Short Sales
If you are a seller and wish to contact us for a FREE consultation regarding a possible short sale on your home, please call us at (916) 230-0371 or send email to Lori@ModeandDurhaM.com.
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