Have you missed a mortgage payment- Can I do a Short Sale?- Avoid Foreclosure Questions

  Have you missed a mortgage payment- Can I do a Short Sale?- Avoid Foreclosure Questions

Do I have to miss a payment to do a Short Sale?

No.

Late last year most major lenders started accepting short sale offers from sellers who have never missed a payment.

If you have already missed a payment, or feel you can longer make them. Contact us TODAY, and we will explain to you some options and help with alternatives that are available to you.

Another commonly asked question…
I want to do a short sale and have two mortgage, am I still eligible?

YES. Both of the mortgage lenders will  be satisfied in some way to complete the short sale. If the  first mortgage will be paid off by the sale, then we will  negotiate the terms with the second lender. A majority short sales do involve 1st and 2nd mortgage.

And also…

How does the short sale realtor get paid. Do I have to pay a real estate agent? Who pays the commission?

 The bank will pay the commission along with all the other usual closing costs such as title and escrow fees.

The real estate rules for short sales change over night, contact us today, to see if some of these changes will benefit you.

  Have you missed a mortgage payment- Can I do a Short Sale?- Avoid Foreclosure Questions