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Short Sale Information
What is a Short Sale?
A Short Sale is when a lender is willing to take less then the amount owed on your mortgage. Of course, there is no guarantee that a lender will allow a Short Sale;
it depends on your particular circumstances. It is sort of like applying to get out of a mortgage and lenders have very specific set of rules in order to accept a Short
Sale. It also takes a Realtor who knows exactly what he/she is doing and it needs to be done with specific disclosures and knowledge to make sure it is performed
legally and not put you, the homeowner, in a situation where you will be contractually responsible for situations you cannot perform.
If you are in a foreclosure situation, or behind in payments (you need to contact me IMMEDIATELY !!!), a short sale may help save your credit from foreclosure. Foreclosure is the worst situation for your credit, it will hinder you for up to 10 years. To find out how a short sale works and how it might help your situation, CALL NOW!!!
Call: Rich Czeh Broker/Owner
Certified Foreclosure Intervention Specialist
REAL ESTATE WAREHOUSE
614-523-3000 or
Rich@RealEstateWarehouse.com
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