Are you behind on your Indianapolis Mortgage? It could be time to talk to us about an Indianapolis Short Sale.
Are you getting continual collection calls, visits by third party company to verify your occupancy? Are you feeling overwhelmed?
A short sale is a possible option for you. A short sale is when you sell your home for less than it is worth, with lender approval of the sale.
We can help you list your Indianapolis Home as a short sale if you feel that is the best option for you.
It is best not to wait too long, as that will put you in a more difficult situation in selling your home. Once you actually feel like you can no longer handle all of your bills and or your mortgage, or you are upside down and in a divorce situation, it is best to call as soon as you start to feel overwhelmed.
Try not to ignore your lender, call them, tell them what is going on. See if a loan modification is a good fit for you if you are trying to stay in your home. Your lender will send you very important documents to see if you qualify for that. Do not ignore those if you are wanting to stay in your home. Send all paperwork that your lender requests, but keep copies of all of those documents together.
If you only have one loan against the property, sometimes you can qualify for a deed in lieu instead of letting your home go all the way through the foreclosure process. You are giving your home back to the bank when you execute a deed in lieu.
Do not abandon your home if you are considering a short sale, there are programs out there that are more generous in helping homeowners if they stay in the property during the short sale process, and abandoning your home can accelerate the foreclosure process, per your mortgage terms you executed when you purchased your home.
We can help you with your process. Give us a call today.