Oshkosh, WI Short Sale Help

Real Estate Broker/Owner with Expert Real Estate Partners LLC

Oshkosh, WI Short Sale Help

If you're facing foreclosure because your payments are too much, it's important to know you have options. Oshkosh homeowners can sell their home for less than it's worth through a process called a "Short Sale." If your mortgage payments are more than you can manage because either your Adjustable Rate Mortgage increased, you've had a job relocation or have another legitimate financial hardship, you can still sell your home and get your life back on track.

By selling your home as a short sale, you can avoid the pain and stress of going through a foreclosure, which can follow you for years to come. If you qualify, banks will let you sell your home at a loss and potentially even forgive the difference (meaning you owe nothing after the sale.) Our Short Sale Service includes everything you need to complete a Oshkosh, WI Short Sale from start to finish.

Oshkosh, WI Short Sale Help

Find out if you qualify for a Short Sale today by calling 920-810-7234 for a free, no-obligation consultation.

Why should I do a short sale?

1) Debt Forgiveness

One of the biggest benefits of a short sale is usually getting all remaining debt forgiven.  As an example, if your mortgage is $300,000 and you sell the home for $200,000, then the remaining balance of $100,000 will be forgiven by the bank, which includes closing costs, condo fees, real estate commissions, property taxes, etc .  Many clients have a hard time believing that such a thing is possible or would ever be agreed to by their bank.

As irrational as your bank may seem, they do listen to dollar signs and national statistics prove that a short sale will sell for 26% more than a foreclosure.  And that doesn’t even include the cost to foreclose and additional mortgage payments missed.  Every single day, we are getting short sale approvals that state in writing that the balance of the mortgage is being forgiven and the debt is settled!

2) Credit Impact

The lesser impact on your credit is another benefit both short term and long term of a short sale.  If you are behind on payments, the sooner you sell the sooner your credit will improve.  If you are current, the impact to your credit is minimal but removing such a large debt from your credit report can be positive as well.  Whether you are current on your payments or drastically behind a short sale is much better than a foreclosure.  Remember, being behind on your mortgage is where the majority of the credit issues come from.

3) Buying a Home Again

Another big benefit that our clients often consider is the ability to purchase a home again in as little as 2 years after doing a short sale which turns into double or triple that amount of time after a foreclosure.  Just because this home has not worked out does not mean that the dream of owning again is lost forever.  Plenty of our clients have already bought homes again or are planning to buy another home shortly.  The lessons learned in this home, both positive and negative, can prove to be very helpful when looking to purchase again.

4) Selling With Dignity

This benefit should be higher than #4 but we never like to push some moral obligation onto our clients.  Many of our clients do not want to go through the humiliation of having the bank hold an auction on the front lawn and take ownership of the property.  Not to mention, having the home abandoned and winterized lends itself to frozen pipes and vandals.  For some, the impact this will have on the Oshkosh, WI Short Sale Helpneighborhood weighs heavy on their decision as well.  There is no question that a short sale is a more dignified and responsible approach to selling a home versus a foreclosure.


Consultation call 920-810-7234 today!!

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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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