Selling as a Short Sale

First, what is a “short sale”? A short sale as an alternative to foreclosure. It’s a process in which your mortgage lender allows you to sell your property for less than what you currently owe on it. It can be a good option for a homeowner who has a hardship and is struggling to make their mortgage payments.

How is a short sale better than foreclosure? The main advantage of a short sale over a foreclosure is that although selling as a short sale does affect your credit score, the hit is far less than a foreclosure. Another major advantage is that you are allowed to purchase another home sooner by selling short instead of foreclosing. For more reasons try this link:

http://home.howstuffworks.com/real-estate/10-benef…

Are you considering a short sale or foreclosure? A short sale may not be easy, but it can be a great opportunity for you to get out a burdensome mortgage and on your way to a better financial future. I have the SFR (Short Sale and Foreclosure Resource) designation and can help you through every step. Call, text, or email me so I can help you through the process.

How Short Sales and Foreclosures Affect Your Taxes

Old Republic Short Sale Guide for Buyers and Sellers