What if I owe more on my mortgage than the house is worth?
Not to fear. Your house can be sold through what is called a a Short Sale.
So what is a Short Sale?
This is where we negotiate with your lender to accept a loan payoff that is less than your current loan balance. With the ups and downs of the current economy, lenders are often open to the idea, and the government is encouraging it where a case of hardship exists.
What kind of hardship is necessary to negotiate a short sale?
Often an owner may be facing the threat of foreclosure from their lender and about to loose their house. Some times the owner has lost his job or is just overburdened with debts that are piling up due to the inability to keep up with it all. Medical issues can often contribute to these situations. Good people can end up in situations that are sometimes beyond their control. There are ways to work through these issues, but it is important that homeowners initiate the process.
So how would we begin?
Simply fill out your contact information here or call 303-759-0175.
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© 2000-2024 Keller Williams ® Realty. - a real estate franchise company.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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