The Top 10 Events that qualify a homeowner for a SHORT SALE.
1. A mortgage adjustment or increase in payment.
2. Loss of employment or reduced income.
3. Failure of a business.
4. Damage to the homeowners property.
5. Death of a spouse or family member.
6. A medical condition or severe illness.
7. Divorce or separation
8. Relocation
9. Financially over extended, too much debt.
10. Military Service.
Why you should consider a SHORT Sale vs. Foreclosure*
Did you know that:
A Foreclosure may lower your credit score from 250 to more than 300 points.
A Foreclosure may remain as a public record permanently, and on a person's credit history for 10 years or more.
Did you know that:
A Short Sale may have the potential of lowering your credit score significantly less, as little as 50 points, if all other payments are being made.
A Short Sale is not reported on a credit history. There is no specific reporting item for 'short sale'. The loan is typically reported as 'paid in full' 'settled for less than is owed' 'paid as agreed' 'paid as negoiated' 'settled' etc.
As Certified Distressed Property Experts (CDPE) we can help. Call 952-475-8028 for a private consultation.
Free Reports
Short Sale 3 must have qualifications
Short Sale The 7 most dangerous myths
Short Sale vs Foreclosure
Short Sale Options for Homeowners
Short Sale and Deed in Lieu
Short Sale the truth about mortgage modifications
Short Sale myths and misrepresentations of strategic defaults
Testimonials
"Great job selling my house quickly. Rebecca did such an excellent job negoiating with my lenders. I'am so pleased"
Lori Witter
"We made it! Thank you so much for helping us negotiate in the very arcane world of short sale. It was a very long road, but we were able to finish the journey because of all of your hard work. We would be more than happy to serve as a reference for any future short sale candidates you come across. Thanks again and have a Happy Thanksgiving."
Alex and Ana Puig
*We urge you to discuss your foreclosure or short sale options with a certified accountant.