Is a Short Sale right for me?

So you are looking into the short sale process and you may wonder if this is the right direction for you. Here are a couple questions to ask yourself.

1. Do I owe more on the house than it is worth?
2. Have I had a trial that effects my ability to be able to afford my mortgage?
3. Do I want to avoid a foreclosure?
4. Do I want a clean slate and be able to start fresh with less effects on my credit score?
5. Do I have insufficient equity to be able to sell my home without owing money?

If you answered yes to just one of these questions, you will want to look more into a short sale. Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. If you are faced with a hardship that makes it likely you will be unable to meet your obligation on your mortgage, your lender would prefer to settle the matter with you as opposed to taking the property through foreclosure.

As you consider the option of pursuing a Short Sale, remember your lender is looking to limit any potential loss on your loan. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure. Bottom line, your lender wants to work with you.

How do I get started on a Short Sale?

It’s easy. If you would like to get prequalified for a Short Sale, or simply ask more questions, you can email me – or you can apply online by clicking here apply online now. If you would prefer to discuss it on the phone, or set an appointment call us Toll Free at 866-433-6474 or call my cell directly at (703) 774-9572. We also have an agent to help our Spanish speaking clients, just call Mimi Tyrie at 703-542-3178.

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572