Short Sale Your Home

Real Estate Agent with Myers Real Estate
You may be eligible to sell your home in a short sale, if: -you have a hardship, such as a job loss, divorce or medical emergency -you owe more than your house is worth -you’re unable to afford your current monthly mortgage payment -you’re unable to modify your current home loan How will a short sale effect my credit? Although a short sale will have a negative effect on your credit, by completing this transaction, you may qualify for future credit sooner than if you allow your home to go through the foreclosure process. While we work with you to complete a short sale, your lender will continue to report against your credit until the sale is completed on your property. Once the sale is complete, the lender will then report that your loan was "paid in full for less than the full balance." You should only consider a short sale after you've explored all other options. Please email me if you are interested in short sale.

Comments (1)

Pam Crawford
RE/MAX Professional Associates - Auburn, MA
Owner-RE/MAX Prof. Assoc.,MBA, CDPE, CRS, ABR

This is a short and sweet sale blog.  Very to the point, good info.

Mar 03, 2011 09:08 PM