All of us face hardship - some of us, in more ways than others. For some of us, those hardships place us in positions that we have never dreamed of being in. When hardships strike, whether it be a divorce, loss of a loved one, unemployment, or simply cannot afford to live in your home any longer – there are alternatives to foreclosure. Placing your home for sale as a short sale is one of those options.
In some cases, you may not be able to avoid foreclosure. However, the Tello Team wants you to know that you should look into a short sale on your home as a definite option to avoiding foreclosure.
There are benefits to placing your home as a short sale, such as…
1. Start to repair your credit sooner, than if you went through a foreclosure
2. You can eliminate or reduce your mortgage debt
3. Avoid the negative impact of having your home placed as a foreclosure – negative impact that a foreclosure can cause can range from an increase in your taxes to a destructive number on your credit report, which can take years to repair
4. You might be able to get a Fannie Mae mortgage so you can purchase a home sooner (in as little as 2 years), than if your home went to foreclosure (as little as 7 years)
Interested in if a short sale can help you and your situation? Contact the Tello Team today to see how we can assist you at 954-237-0600.! We’re ready and willing to help you and your family with all of your real estate needs!
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