Short Sale--The Basics

Short Sale--The Basics

Selling a home in a Buyers market is a tough proposition...even more so when you are upside down on the mortgage--in other words your house is worth less than you owe on the mortgage.  One of the options available to homeowners in this position is a short sale.  In a short sale situation a homeowner will, due to falling market values, sell a house for less than they owe on the mortgage.  Of course this can't be accomplished without approval from the lender. 

If you are in a position where you need to consider a short sale, take a few moments to review this video to better understand the impact it will have on your credit score and future ability to purchase another home down the road. 

 

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Contact Information

Photo of Judi Monday Real Estate
Judi Monday
RE/MAX Valley Properties In Green Valley, AZ
210 West Continental Road
Green Valley AZ 85622
Direct: (520) 241-7780
Fax: (520) 648-2221