Can't afford your home? Consider a short sale.
For many homeowners, the simple fact is that continuing to afford their home just isn't possible. It's a difficult situation but that doesn't mean foreclosure is the only option. With foreclosures making headline news on a daily basis, it's easy to think that's the only option, but many homeowners are turning to short sales instead.
In this scenario, keeping your home is difficult and a short sale is likely your best option.
How do you do a short sale?As with any loss mitigation program, you should consult a company that specializes in such programs. There is a difficult negotiation process to get the lender to agree to allow the short sale and a loss mitigation specialist will be able to help you do everything right away. Don't delay in getting a company to work for you. Time is everything and every day that goes by reduces your chances of success.
Does the home have to be in default status to qualify for a short sale?Not necessarily. As foreclosures continue to mount, lenders are willing to be more proactive. They can probably tell ahead of time where the situation is headed. The sooner they do something, the less they lose so there's great incentive for them to move quickly.
The lender isn't the only one that needs to move quickly. You can't afford to waste time. The proactive people are the ones getting help and finding solutions. Get ahold of a loss mitigation company today and get the problem worked out.
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