Homeowners are facing difficult times. Many cannot make their mortgage payments, they are facing a declining market, and they may be underwater on their loan. If you cannot afford your mortgage, a short sale may be a good alternative.
A short sale means that you are selling your home for less than the amount that is owed to the bank(s).
Below are some questions that you may have:
It takes skill and experience in dealing with all the factors related to a short sale. For this reason, it is critical for you to find the right experienced real estate broker to help you sell your home.
Some questions you should ask yourself:
Take control of your situation. For many homeowners who can no longer afford their mortgage payment, a short sale is the best alternative. It has less impact on your credit report compared to a foreclosure or bankruptcy. It allows you to sell your home and potentially move on to a more stable situation.