A Short Sale may just be right for you.
The Term Short Sale is used when a lender will accept less money then the amount owed on a mortgage. There is no guarantee a lender will allow a Short Sale and often is more of a negotiation then a simple request.
This is basically asking the lender to forgive a portion of the loan or let you out of a mortgage at a lower buyout amount. Banks have very specific rules on circumstances that are acceptable for short sales.
It takes an experienced REALTOR that knows exactly how to handle the banks and understands the circumstances that would get the bank to agree to a short sale.
If you are facing foreclosure or thinking about letting the bank take the property back, you should accept this offer to confer with a professional REALTOR free of charge, to see if you may be a good candidate for a short sale.
There are other options as well, Please take this time to contact Ric DeVore at The DeVore Group and ask about your options.
Ric DeVore
Her Real Living
614.348.2030
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