The Basics of a Short Sale
Banks grant short sales for 2 reasons: the seller has a hardship, and the seller owes more on the mortgage than the home is worth.
A few examples of a hardship are:
- Unemployment / reduced income
- Divorce
- Medical emergency
- Job transfer out of town
- Bankruptcy
- Death
If foreclosure or bankruptcy seem like the only option there might be another alternative. To see if you qualify for a short sale check out this link DO I QUALIFY FOR A SHORT SALE
For a confidential consultation on your home sale options email mark@REintegritygroup.com or call 978-984-3107