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I recently have had a few people contact me after about doing a short sale on their home. They have tried to modify their loan and they were disappointed with the results. They then stop paying their mortgage thinking they will do a short sale. They feel that they owe way more money on their home than it is worth.
The banks ...
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If you no longer are able to make the payments on your house and you have exhausted all possibilities such as loan modifications, deferred payments and such... consider a short sale, do not let the bank take your home through foreclosure.
When it comes to your home being in a pre-foreclosure situation remove the emotion and use common ...
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The short sale process combines a documentation process and the listing process.
The docementation process is much like a loan in reverse. Your short sale specialist will need the following items:Last mortgage statement2 years of W'2's
Last 2 paycheck stubsLast 2 months of your checking and savings bank statementsLast quarter ...
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I have run across a great list of non-profit organizations that offer free foreclosure help. They will counsel you on your situation and help you decide a course of action for your situation. This is a great place to start out to see what your options are to foreclosure
Foreclosure Help List By Town
Information on short sales ...
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If your looking at foreclosure, you need to know there are several options to foreclosure. Do not let the bank take your home through foreclosure. Foreclosure should be the last resort.
Situations vary from homeowner to homeowner, and there is no one solution. What option are available to you instead of ...
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