In our current economic climate an unfortunate inevitability is that our friends and neighbors will (and many have) fallen on hard financial times.
These financial hardships have created an environment wherein our friends and neighbors may have difficulty paying their mortgage and this is why real estate short sales have become a powerful solution for struggling homeowners.
Unfortunately many of these homeowners really do not understand how a short sale works, and how it can save their home from a foreclosure.
What is a real estate short sale, how can it help you?
Simply put, a short sale is the process in which a homeowner (with the lenders permission) sells their home for less than the amount still owed and the lender accepts the lesser amount and considers the mortgage paid in full.
A multitude of homeowners have utilized short sales to avoid foreclosure. When using a short sale to avoid foreclosing, you may not get to keep your home but you are able to avoid the foreclosure process and all of the stress and future headaches a foreclosure can bring. Of course not having a foreclosure on your record means a quicker financial recovery for the homeowner and their family.
Now, keep in mind not every bank will necessarily agree to a short sale and not many people know how to buy or find short sale homes on the market. That is why working with a short sale professional (such as 1st Choice Title Services), is so important.
We have the real estate short sale experience, the tools, and the will, to lead you through the short sale process.
Remember its your financial future at stake, and with our dedicated team, you can short sale your home and clear yourself of that mortgage.
The sooner we get started, the sooner you can start rebuilding your financial future.