Short Sale Properties in Elkhart, Indiana are on the rise. The term Short Sale means the Lender will take less than you owe for a payoff, but in order to qualify for a Short Sale, you need to prove a hardship, as I talked about in a recene blog. There are also circumstances that do not qualify as hardships. Misrepresenting your income amount, or where you work or what your assets were are fraudelent and any or all of these types of items will be checked against what you are claiming now. If there are substantial differencies they will look for answers before approving a Short Sale on your property. You may need to look into how you can keep your mortgage paid and stay where you are. Guidelines are tightening up for mortgages approvals and Short Sales.
If you are in a difficult situation and are unable to continue your payments, call Evelyn Johnston with Prudential One Realty at 574-304-7148. She is an Elkhart, Indiana Real Estate Expert and Certified Short Sale Specialist.
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