“IN AMERICA TODAY 1 IN EVERY 4 HOMEOWNERS WHO HAVE A MORTGAGE OWE MORE ON THEIR HOUSE THAN THEIR HOME IS WORTH…”
If you’ve fallen behind on your mortgage payments, the threat of foreclosure can become overwhelming. Struggling homeowners might feel inclined to simply accept their fate—there’s no getting out of foreclosure, right? But when it comes to mortgage foreclosure, remember that you have options – Short Sale. A “short sale” means selling your home voluntarily for less than its market value, or less than owed to the lender.
Very often, a “short sale” is the smart alternative to foreclosure and bankruptcy. If the lender accepts the terms of the short sale, the loan debt will be settled and the borrower is released from any further liability once the short sale has closed. In a sense, a short sale could be the most important financial decision you’ll make for your future! Why? Because it could allow the home seller to:
- Avoid foreclosure
- Avoid a negative impact on your credit and overall financial health
We’ve gathered some general information regarding foreclosures to help you get an idea of how it works. State laws vary significantly, so work with a legal professional to determine the laws governing your foreclosure proceedings.
Our goal is to help educate and guide you through this process as best we can. I know this might be an uncertain time, however, know that we are here for you.
Click Here to Download Bluestone Signature Realty Short Sale Guide