What Is a Short Sale? Do I Qualify?
Having trouble making your house payments?
Home owners who qualify for a short sale:
- Have a legitimate hardship (employment change, business failure, illness and medical costs, divorce or death of a spouse. . . .) making house payments difficult or impossible.
Why are short sales preferable to foreclosures?
- Your credit and ability to obtain financing in the future may not be as damaged as it would be in a foreclosure.
- A foreclosure remains on one's credit for 7 years, while the term "short sale" does not appear. The short sale is reported in different ways and damages one's credit for a shorted period of time.
- The home owner is eligible for a new loan in 2 years compared to 5-7 years with a foreclosure.
Short Sales are complicated and require a lot of persistence on both your part and ours. We have experience with numerous banks, know how to fast-track the process and will be 100% dedicated to the success of your short sale.
For a FREE consultation about how a short sale could help you and if you might qualify, contact Jenny Driessen and Charlotte Rudowicz of Bay Team Real Estate with Prudential Realty CA. We are experienced in short sales, have numerous satisfied testimonials on our website and want to help you!
