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Is a Short Sale Right for Me?

Sep 11, 2012
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Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. If you are faced with a hardship that makes it likely you will be unable to meet your obligation on your mortgage, your lender would prefer to settle the matter with you as opposed to taking the property through foreclosure.

As you consider the option of pursuing a Short Sale, remember your lender is looking to limit any potential loss on your loan. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure.

Bottom line, your lender wants to work with you.  For a detailed analysis of whether a short sale is right for you take our "Short Sale Quiz."

Read 1325 times Last modified on Thursday, 07 March 2013 17:33

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