Considering a Short Sale?
Should You Consider a Short Sale?
What is a Short Sale?
A short sale is a program that allows the homeowner to sell the home for less than the amount owed on the mortgage.
How can I be considered for a Short Sale?
You may be eligible for a short sale if you have an involuntary hardship and can no longer afford the monthly payments on your mortgage, or you are unable to sell your home for the full amount owed on your mortgage.
How can I benefit from a Short Sale?
You avoid a foreclosure sale. You can live in your home until the new owner closes, giving you time to make other living arrangements. A foreclosure sale may be postponed once a written, signed offer is received and approved by the lender in writing. Also, you might be eligible for a seller incentive.
How does a short sale work?
- Once you call us to discuss a short sale, your next steps would be:
- Provide us with your financial information; explain your situation and why you are unable to pay your mortgage.
- We will review your information and determine if a short sale is an appropriate option for you.
If it is, we will work closely with you and the lender. Together, we will work through the details and steps to sell your home at an agreed-upon price so you can avoid foreclosure.
Contact the De La Varas today regarding your short sale options.