SHORT SALES…
Far too many homeowners throughout the Sacramento/Elk Grove area are having trouble making their mortgage payments and are stretched financially to the point that they are just one “life event” away from foreclosure. In the Sacramento/Elk Grove area we are also faced with a slipping market and many homeowners owe more on their home than they are currently worth.
The Short Sale process may provide some relief for homeowners facing these difficult times. The following are a list of benefits that a short sale may provide you as a homeowner:
• Your home gets sold and the mortgage is fully paid off. The mortgage lender accepts a discounted payoff.
• You have no out-of-pocket costs as the mortgage holder pays virtually all sales costs including title and escrow, commission, and approved property repairs.
• Your credit record is protected from a foreclosure.
• You can move forward with your life without having to worry about your house and your mortgage.
WHO IS A CANDIDATE FOR A SHORT SALE?
Homeowners that truly can’t afford to make their mortgage payments because of either a hardship or they have gotten over their head because their mortgage payment adjusted up to a point beyond their ability to pay. Among the hardships that frequently lead to difficulties with mortgages are divorce, illness, family crisis, reduction in income, job loss or relocation.
The lender is going to look for circumstances beyond the homeowners control leading to a hardship to justify their approving a Short Sale. Are you having trouble making your mortgage payment? Have you been faced with a hardship?
Call today for a free confidential, no obligation consultation to see if Elizabeth Haro can help you with your difficult situation. Our services are paid upon close of escrow from the proceeds that the mortgage holder agrees to disburse. Don't delay CallElizabethToday.com.
