Do I Qualify ?

Consider the following to determine if you may qualify for a short sale:

• Do you have a verifiable hardship? 
  • Divorce, Unemployment, Curtailment of Income, Death, Medical Expenses, Bankruptcy, Sudden Illness, Job Transfer, Military PCS

• Has the value of the home dropped, so that you owe more than what the home is worth?
  • Are there comps to support this information?

• Is the mortgage in, or near default status?
  • Have you received your Foreclosure Filing?

• Do you have any assets?
  • If the lender discovers that the seller has assets, i.e. cash in savings, additional properties, IRA, stocks, bonds, etc., they may feel that there is an ability to re-pay the difference.  They could decide to move forward with a short sale, or not approve one at all.

**Please keep in mind that the lender may work with you on a short sale, regardless of your circumstances.  Please give us a call with any questions you may have.

LEGAL DISCLAIMER

The information contained in this web site is provided to you “AS IS”, does not constitute legal advice, is governed by our Terms and Conditions Of Use, and we are not acting as your attorney. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this web site and its associated sites.

Please Contact Kristin Calendine for more information!