Neenah, WI Short Sale Help

By
Real Estate Broker/Owner with Expert Real Estate Partners LLC

Chances are, you or someone you know in Neenah, WI is facing the possibility of foreclosure. But you need to understand that you are not alone.Neenah, WI Short Sale Help

Today, 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.

              
Short Sales

 

If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

 

  • Benefit: A short sale allows the homeowner to avoid foreclosure and salvage some of their credit rating. This also keeps foreclosure off the individual's public record, and in many cases will allow the homeowner to avoid a deficiency judgment. Borrower may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure).
  • Drawback: Short sales can be a trying process in which a homeowner is best served by contracting with a qualified real estate agent to guide the way

 

For your FREE, NO OBLIGATION Consultation call 920-810-7234.

 

Neenah, WI Short Sale Help

 

Posted by

 

 

Duane Murphy Fox Valley Appleton WI Real Estate Home Buying Selling

Expert Real Estate Partners

Duane Murphy

    Broker Owner  

        Call or Text Me at 920-810-7234 

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Wisconsin Winnebago County Neenah
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short sale neenah wi
foreclosure neenh wi
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