marti kilby san diego short sale realtor: Do You Qualify for a Short Sale?
- 05/29/12 12:15 AM
Do You Qualify for a Short Sale?
A short sale is an attractive alternative to foreclosure, mainly because the impact on your credit is less severe. However, just because you owe more on your mortgage than your home is worth doesn’t necessarily mean that a short sale is a viable option.
In a short sale, the lender agrees to accept a pay-off on your mortgage for less than the amount owed. In most cases, the lender is not going to agree to receive less money if there is evidence that you can continue to pay your mortgage … (7 comments)
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Do You Qualify for a Short Sale?
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