Are you heading towards foreclosure? Do you have a legitimate hardship that makes you a candidate for a short sale?
Is your mortgage higher than your home's value? Zane can help!
What Is A Sort Sale?
When a homeowner owes a lender more money than the current market value of their home and lacks other liquid assets to satisfy liens, it is often referred to as being “upside down” in a mortgage. This means the home will not sell for enough money to pay off the mortgage and other property-related debt in full. In such cases, a “short sale” may be negotiated with the lender to bridge the gap between the balance due on the mortgage and an offer for the sale of the home. A short sale is an effort to save the bank the time and costly process of foreclosure.
A short sale may provide an opportunity for a seller who needs to sell their home because of financial difficulties or job relocation.