Martin County Short Sale – The Best Strategy to Stop Foreclosure

The first time you receive a letter from your lender, reminding you to make your mortgage payments current will probably be a day you will never forget. After all, finding yourself trapped in a situation where you cannot profit from the sale of your home because it is now worth less than when you bought it for is unbelievable.

Still, you have to face reality and instead of denying the huge possibility of losing your home to foreclosure it would be much better if you were pro-active. Most homeowners would try to hold off foreclosure for as long as possible by negotiating with their lender to change the terms of their mortgage. The problem is if your financial difficulties are permanent in nature, such solution will only be a waste of time.

A Martin County short sale is most likely the best option for your particular situation. There are several advantages to enjoy including:

Less damage to your credit score
Lender could agree to forgive the mortgage difference
You do not have to go through the trauma of a repossession
You can choose this option even if you are only near default

By now, you should be aware lenders are more inclined to approve a short sale proposal if and only if you are able to provide them with all the documents needed to establish your financial hardship. If you are having trouble preparing the entire short sale proposal, you can always look for expert help. At present, there are short sale Realtors who understands your situation and would give you’re the professional assistance you need in order to avoid foreclosure.

Keep in mind most lenders these days are choosing a Martin County short sale over a foreclosures since it is way more time and cost-efficient. This is why it is important you get all the help you need to make sure your lender will not be able to reject your proposal.