Short sales are a technique used by mortgage lenders in which borrowers are allowed to sell their home for less they is owed on their mortgage note. Not all properties or borrowers qualify for short sales and approval to engage in this type of transaction must be granted by the mortgage lender.
You may be eligible to sell your home in a short sale, if:
you have a hardship, such as a job loss, divorce or medical emergency
you owe more than your house is worth
you’re unable to afford your current monthly mortgage payment
you’re unable to modify your current home loan
buysellvahomes 9 months ago
Short sales are a technique used by mortgage lenders in which borrowers are allowed to sell their home for less they is owed on their mortgage note. Not all properties or borrowers qualify for short sales and approval to engage in this type of transaction must be granted by the mortgage lender.
buysellvahomes 9 months ago