Short Sales

I see more and more people that owe more than their house is worth and want to consider a short sale. Short sale is negotation with the mortgage holders so that you can sell your house for less than you owe.

The most important consideration (for the bank) is that you must have a verifiable hardship. Something that is having a negitive effect on your ability to pay your mortgage. Loss of a job and a death in the family are both frequent hardships. The mortgage holder will want verification of the events impact on your finances.

There are other equally important considerations in the short sale negotiation. Call me @ 410.596.2273 and we can discuss your options.

At the end of the day, if you have a verifiable hardship (among other things) and are having trouble with your mortgage payment a short sale might be an option. There are others too!