Why do a Short Sale ?

What is a Short Sale? A Short Sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. If your mortgage company agrees to a Short Sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the proceeds. Fannie Mae’s program is called Short Sale/HAFA II. A Short Sale is an alternative to foreclosure and may be an option if: You are ineligible to refinance or modify your mortgage You are facing a long-term hardship You are behind on your mortgage payments You owe more on your home than it’s worth You have not been able to sell your home at a price that covers what you still owe on your mortgage You can no longer afford your home and are ready or need to leave. If you need further assistance call me, Kim Cunningham/Realty Executives Expert@ (909)749-5442