Before you consider walking away from your home, and endure the ramifications of a foreclosure, consider a SHORT SALE. A short sale can not only prevent foreclosure, but it can also save your credit, your job, and your financial future.
What are the main causes of financial distress? Believe it or not, there are many factors that can contribute to a homeowner not being able to afford the mortgage. When preventing foreclosure, many banks consider the following conditions to be acceptable financial hardships that could make you elegible for a short sale:
- Loss of Job
- Business Failure
- Damage to Property
- Death of a Spouse
- Death of Family Members
- Severe Illness
- Inheritance
- Divorce
- Mandatory Job Relocation
- Medical Bills
- Military Service
- Payment Increase or Mortgage Adjustment
- Insurance or Tax Increase
- Reduced Income
- Separation
- Too Much Debt
- Incarceration
Banks are not in the real estate business, banks are in the lending business. As a Certified Distressed Property Expert, you'll benefit from my educational training and real estate sales experience to help you avoid foreclosure.
