5 reasons a homeowner should consider short selling their home.
You pay no out of pocket expenses.
Short sales are sold "AS-IS", which means the home owner won't have to bother spending time and money on home repairs. The loan servicer pays for all commissions and services on both sides of the transaction.
Your credit damage is minimized.
A short sale will have a recoverable impact of 80-100 points your FICO score, compared to the a devastating effect of 200-400 points a foreclosure has on a credit score.
You have an assured sense of relief.
Short sales in lieu of loan modifications give homeowners a firm new start. The Department of the Treasury released a study revealing that over 50% of homeowners default again within six months of receiving a loan modification.
You can have a trust deed sale date delayed.
A short sale has the ability to Post pone a trust deed sale date.
Receive Relocation assistance.
You may qualify for cash assistance up to $5,000.00 depending on your lender.
A short sale may be the answer you have been waiting for so call and see the other possible benifits of having you home in a Short Sale.
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