We can help you with your Indianapolis Short Sale!

By
Real Estate Sales Representative with REALTY WORLD-Harbert Company, Inc.

short sale


If you are behind on your Indianapolis Real Estate, an Indianapolis IN Short Sale is something to consider.  A short sale is when a bank or mortgage lender agrees to take less than the mortgage balance owing due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. In this situation, the lender would have the right to approve or deny the proposed sale.


Extenuating circumstances influence whether or not banks will allow an Indianapolis Short Sale. These circumstances are usually related to an individual borrower's financial situation.


A short sale typically is executed to prevent a home from fully going through to foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing.


Lenders have a department (typically called a Short Sale or Loss Mitigation Department) which processes potential short sale transactions. .


Lenders/Investors have a varying tolerance for short sales and mitigated losses.


If you are struggling with your mortgage payments and thinking of an Indianapolis Short Sale as an option for you, give our experienced Indianapolis Short Sale Team a call today.


317-371-2622-Heather Fitzgerald

Posted by

________________________________________________________________________________________________

Heather Fitzgerald

REALTY WORLD-Harbert Company, Inc.

317-371-2622

indplsrealestate@gmail.com

www.FindingYourIndyHome.com

 

 

If you need assistance in Indianapolis IN, Carmel IN, Martinsville IN, Greenwood IN, Whiteland IN, Franklin IN and surrounding areas, considering buying or selling a home, or considering the option of a Short Sale, contact us today at 317-885-8858.  We have experience in Greenwood Real Estate, Indianapolis Real Estate, Greenwood IN Short Sales, Greenwood IN Real Estate for Sale,  Franklin IN Real Esate, etc.

About the Author: Heather Fitzgerald, who has over 24 years of experience in real estate, title insurance, and lending that can be put to work for you. Heather can be reached by phone at 317-371-2622.

Areas of Service: Greenwood IN Real Estate, Indianapolis IN Real Estate, Franklin IN Real Estate, Whiteland IN Real Estate, Mooresville IN Real Estate, Martinsville IN Real Estate, Avon IN Real Estate, Carmel IN Real Estate, Westfield IN Real Estate and surrounding areas. We are experienced Greenwood IN Real Estate Agents.

Copyright © 2018 By: Heather Fitzgerald- Greenwood Real Estate For Sale. All Rights Reserved.

Heather Fitzgerald on Facebook  Heather Fitzgerald on Twitter  Heather Fitzgerald on LinkedIn

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