| Short Sales - Getting Started |
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| Written by admin | |
| Monday, 21 June 2010 16:45 | |
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If you have found that you can no longer afford the monthly payment on your mortgage and your loan balance is greater than current market value, a Short Sale may be the best way for you to sell your home. The term "Short Sale" refers to the willingness of your lender to settle with you for a short (or lesser) payoff on your loan balance and they will forgive you the difference. Most banks are willing to work a short sale these days.
If your mortgage is with CHASE here is an easy link to get started.
Here are a few things that you'll need to know before you start: Your lender will require that you have your house on the market with a Realtor. (Use me.) Your lender typically won't negotiate till you are 2 months behind on payments.
If you want more information on Short Sales contact me. I've negotiated and sold many Short Sales.
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