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Out of Equity and Time? A Short Sale Might Be Your Solution.

By
Real Estate Agent with RE/MAX Elite Services, Nurit Coombe Team MD102148

Are you behind on your mortgage payments? Do you owe more than your house is worth? Are you afraid of suffering the embarrassment of foreclosure? There might be something you can do to avoid what seems inevitable--FORECLOSURE.

You've heard the cliche', "Bad things happen to good people." It's true and for whatever reason you find yourself in this position, it doesn't matter now. There is a very good chance you can take control, avoid foreclosure and get on with your life.

Right now, America is facing the largest foreclosure problem since the Great Depression. Literally millions of people are loosing their homes at breakneck speeds. If you are one of those people, the short sale might be a way for you to get your home sold and off your back.

A short sale occurs when the bank is willing to accept less money than is owed on the property. For example; If you owe $300,000 on your house, and its value is $225,000, the bank might allow you to send them whatever you are able to sell your house for, minus fees, and release you from the debt.

Once again, bad things happen to good people and you are not alone. Take action, give me a call and we can discuss your options.