In Financial Trouble?
Many homeowners in America deal with financial hardships. Here at Jackie Daley Realty, we offer our clients free advice on how to avoid foreclosure, and ensure the best possible outcomes for you and your family with short sales. If you owe more than the value of your home, our team of short sale experts might be able to negotiate a reduced payoff amount on your home mortgage so you can get out from under debt.
What exactly IS a Short Sale?
A short sale can be of assistance when a homeowner owes more on their home then it is actually worth. When you choose to do a short sale on your home, we negotiate with the mortgage lender to allow the homeowner to sell their house for less than the balance that is owed. By taking this route, sellers may be able to avoid a lengthy foreclosure process, as well as heavy negative impact on their credit.
Do I Qualify for a Short Sale?
Doing a short sale will require some work and cooperation on your part. However, the benefits of avoiding foreclosure and having a successful short sale will make it all worth the effort. Here are a few things you need to be able to produce to qualify for a short sale:
- Are you dealing with a hardship like relocation, loss of income, divorce, or sudden increase in monthly expenses? There are many acceptable forms of hardship, but in most cases you will need to demonstrate the hardship that is keeping you affording the payments on your home.
- Are you without extra cash or assets that could potentially pay off your mortgage balance?
- Are you experiencing a monthly financial shortfall? As the homeowner, you must be able to provide verified documentation such as pay stubs, tax returns, and personal financial statements. These all need to be able to show that you cannot meet your monthly financial obligations, including your mortgage.
I Need Help! What’s the Next Step?
Timing is everything when it comes to making the most out these situations, so don’t wait any longer than you have to. Our team at Jackie Daley realty possesses certified, expert experience in guiding homeowners through successful short sales. Contact our team today to find out how we can best assist you!