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Qualify for a Short Sale?
Thinking about a Short Sale?
"Short Sale" seems to be the talk of the town these days. With many homeowners in unfortunate situations at the present time they are searching for alternative ways out.
Some may have read about a short sale online or in the newspaper. But most homeowners don't have all of the information about a short sale to make an informed decision. Below I will address the top concerns & questions I'm hearing from homeowners & my advice to them.
Do I qualify for a Short Sale? To answer this take a look at your financials. Are you unable to continue on your current path? Are you paying more out each month than you are bringing in? Have you borrowed money from credit cards, family, other property, etc to continue to pay your mortgage? If you have & do not have the means to borrow more you are probably a candidate. If you have not missed any payments yet we cannot get a short sale approved. Why? Because if you are still able to make your payments, the bank has no reason to accept a short sale.  
Will my lender approve a Short Sale? Again, take a ... more

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