It's all too common today: Homeowners need to sell their home for less than what they owe on their mortgage. The process may be different from the typical transaction, but there are rewards for both buyers and sellers. Buyers can end up with a great deal, and sellers can extricate themselves from a mortgage they can no longer afford.
A short sale would be your best option if:
- Your property is worth less than the total mortgage you owe on it.
- You have a financial hardship, such as a job loss or major medical bills.
- You've contacted your lender, which is willing to entertain a short sale.
For further details about real estate please visit Andrea Scott
No comments:
Post a Comment