Short Sales
A short sale happens when property is sold for less than the Sellers owe on the property. For property owners who can no longer keep up on their mortgage payments it is an alternative to bankruptcy or foreclosure. A short sale works well with delinquent homeowners who have little or no equity in their property who want to lessen the impact to their credit by selling the property before it goes all the way through foreclosure. Short sales create a win-win situations. Sellers payoff their mortgage, end the foreclosure process, prevent further damage to their credit.We can find out if the mortgage company will agree to accept less than the amount they are owed. Not all lenders will accept short sales or discounted payoffs. Each case is researched independently. There is no charge to the seller for this work unless the lender agrees to the short sale and the property is sold and closes.
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