What if I don’t qualify, can’t afford my home, and owe more than it’s worth?

Hi Sheila, Do you ever wish that some of the folks we interact with on AR were in your physical neighborhood?  I feel like if I wanted to show a buyer a foreclosed property or short sale, I'd want it to be listed by you!

Sounds like, "do a short sale and rent or find owner financing!" I hear this all the time. Most people end up renting.

Some think they can just do a short sale and don't realize they just can't do it because they owe more than the value.

Good evening Shelia, very important information for home owners in trouble to understand.  It is not that easy.

Hi Sheila,

We are so fortunate, not to have many forclosures and short sales are all but none existing here, we really feel bad for the sellers if and when we get to deal with a foreclosures, but most of the time we are able to prevent it for them. (Canadian Rules are very different)

Hi Sheila - thank you for such succinct and easy-to-understand information about short sale qualification.  Hopefully many members of the public, as well as agents, will read the post - and then call the Sheila Newton Team!

Hello Sheila, people need to have access to proper information and be proactive to have some hope. Too often people just throw their hands up and wait for bad things to happen.

Sheila...good information.  Consumers do need to make sure they are in the right hands when participating in a short sale. We know how important the teamwork is to effectively help clients.