Elkhart, Indiana, What in the World is a Short Sale?

Real Estate Broker/Owner with Friends & Neighbors Real Estate RB14036506

A Short Sale in Elkhart Indiana, and any other town for that matter, is when you cannot sell a home for the amount you owe on it.  You do not necessarily have to be past due in your payments to qualify as a potential short sale.

The unemployment is so high in Elkhart County, Indiana that many homes are not worth what the home owners paid for them several years ago when there were jobs...

How do you know if you qualify?  First you have to talk to the bank, they will want a hardship letter, two years worth of income taxes, two months bank statements and pay stubs.  Usually your REALTOR(r) will handle this for you and negotiate on your behalf once you have an offer of your property.  You do not need to ask your bank whether or not you qualify before you list the home.  Once an offer is received, the whole package is sent to the mortgage lender and the process begins.

If you are thinking of selling, call your local Elkhart County Real Estate Expert and Certified Short Sale Specialist Evelyn Johnston with Prudential One Realty at 574-304-7148.  She will give you an idea about what your home is worth in todays Elkhart Real Estate Market.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Indiana Elkhart County
Posts to Localism
Prudential One Realty
mortgage lender
elkhart county
short sale
evelyn johnston
prudential one realty

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Evelyn Johnston

The People You Know, Like and Trust!
8 Secrets to Save Thousands When Buying & Financing Your Home
Spam prevention