A short sale is when you sell your home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your home and pay a portion or all of your mortgage balance with the proceeds.
If you are facing issues such as trouble paying your mortgage payments, you owe more than what your home is worth, or you can no longer afford your home, a short sale is the best alternative to foreclosure.
One of the many benefits of a short sale is that you could eliminate or reduce your debt also avoiding foreclosure.
Our attorneys, closer’s, and processors will assist you in the short sale process until we have a final approval.