Do I qualify for a short sale? Okay, let's see. These are the general situations that your lender will look at to consider if you qualify for a short sale.
1. Job loss
2. Illness - loss of income and/or medical costs
3. Death
4. Divorce
5. Business failure (some investors may be considered here)
6. Natural disasters
If you are upside down with your mortgage and these qualifiers above do not apply, you may not be a candidate for a short sale. Being upside down is when you owe more than the current value of your home.
If you or someone that you know has a question or concern about foreclosure, please contact me. You do not want to go into foreclosure. This is financially and emotionally devastating. There are alternatives. Please call me!
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