Important Steps You Need To Know In Order To Qualify For A Short Sale

Have you ever wondered how you can qualify for a short sale? Are you behind on your mortgage? Do you currently owe more than what your house is worth? Do you need a solution to your financial troubles? Now, I will discuss with you how one goes about qualifying for a short sale.

If you want to find out if you can qualify for a short sale, please call me or email me today so we can schedule a consultation. The process is actually very simple, and within a 10-15 minute no-obligation consultation, I will be able to let you know if you qualify or not. Here are a few key things that you would need to know:

First off, we need to prove to your lender that you are going through some type of financial hardship, to show them a short sale is needed. Valid examples include being laid off from your job or being underemployed, or a failed business, a decrease in your salary, or an increase in your payments that you cannot continue to support. Other common examples include unforeseen injury or health problems and having those radical medical expenses where you can’t keep up on the payments, as well as going through a divorce. Once we determine the hardship you are facing that is the reason for being behind on your mortgage, we will explain it to the bank in writing in the form of a hardship letter. I can help you prepare your hardship letter.

Secondly, we need to demonstrate to your lender that you are in default of your mortgage or you will be soon; you’re overdue on your payments currently or are heading toward default because all your savings are now gone. We can do this by providing your lender a financial snapshot. A financial snapshot will include your monthly salaries and expenses along with bank statements to provide evidence of your hardship. We will submit all of this information to the bank, and make a proposal as to why you need to undergo a short sale and why they should approve it. Always remember that the bank will always try to stop a foreclosure as best as they can, so it’s important to begin this process early.

There are different procedures, forms, and documents for each type of lender. I assure you that I have the different tools and resources needed for each of the different banks.

If you are going though any kind of hardship, and would like to qualify for a short sale, I would be very glad to guide you and walk you through this process. Please call me or email me, or visit my website. Let’s get started right away. I am available to help you qualify for a short sale.  

Beware Of A Company That Tries To Charge Any Upfront Fees For Your Short Sale