Do I qualify for a Short Sale?

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!

Are you having trouble paying your mortgage?

If you are having trouble making your mortgage payments, please contact me as soon as possible. I can send you a pamphlet from the National Association of REALTORS in regards to this situation with possible alternatives for you. You do not want to go through a foreclosure. This will be devastating to you emotionally and financially. We can set up a meeting to go over these alternatives to help you save your house and your credit.

If the only option is to sell your house, don't wait. It is better to sell than to go through a foreclosure because:

1. You can hopefully profit from any equity that remains in the home.

2. It will be easier to qualify for credit in the future and to buy another home.