Short Sale Request Form:
Simply complete the Short Sale request form to see if your home could qualify for a short sale. Read below for additional info.
Short Sale Request Form:
Simply complete the Short Sale request form to see if your home could qualify for a short sale. Read below for additional info.
Short Sale Benefits:
When you pursue a Short Sale your getting the bank to accept less than the principal due, which releases you from your mortgage obligation. Another-words, the amount your short on repaying to your lender is considered Forgiven. With Foreclosure, the debt is not forgiven/settled. Short Sale's in most cases will fall under the Mortgage Forgiveness Debt Relief Act of 2007.
A short sale is known to be easier on your credit then a foreclosure. Typically you can expect to purchase again in 2-3 years with a short sale and 5-7 years with a foreclosure. Read more
*Keep in mind that every situation is different and unique in their own ways and credit repair will very from case to case*
Before you eagerly climb aboard the short sale bandwagon, consider the following to determine whether or not you may qualify for a short sale.
The home owner must submit a letter of hardship that explains why they can't pay the difference due upon sale and also provide a statement explaining the cause of missed payments.
Examples that DO constitute a hardship:
A few examples that do NOT constitute a hardship:
In conclusion, there are so many ways to lose a home, but walking away from ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current or simply upside down and want alternatives to bankruptcy or foreclosure, a "Short Sale" is highly recommended by Real Estate professionals and homeowners all over the nation. Read more
We know you have questions, so we try our best to have all the answers! Please feel free to contact an iclick Short Sale professional anytime.
We are dedicated to find the best possible solution for your specific situation. Michael Leslie and his short sale team are more then happy to answer any questions or concerns that you have.
We hope this will be the first step to your new beginning!
Please fill out the short sale form at the top of this page for the most timely response.
iclick Short Sale Team
direct: 480.442.0405
email: iclickRealEstate@gmail.com