10 Critical Short Sale Questions to Ask Yourself
Normally when you purchase a home where financing is needed, you need to show the lender that you are able to pay your mortgage. This qualification process requires submitting various financial documents in advance so the lender knows what type of borrower they may be dealing with.
As we all know, in recent years, lenders were throwing money at people without asking for any pre-qualifying documentation. Now that many homeowners are stuck in homes with adjusted payments that they can no longer afford, and a property value that has fallen below the amount they owe their banks, many have decided to ask the bank if it would be okay to sell the house for less than they owe. This is known as a Short Sale, where you, the homeowner, are asking the bank to accept an amount short of the amount owed.
A Short Sale, in most cases, is a much better route to take than foreclosure. If you have been considering selling your home short of what you owe, you’ll need to prepare the answers to 10 critical short sale questions.
To receive a free worksheet that will help you answer these 10 questions, please complete the following short form which will only take a few seconds of your time. When you have answered these important questions, you’ll be ready to take the next step.