 |
 |
|||||||||
|
|
||||||||||
| Welcome to Non Profit Short Sales |
Free Loan Analysis |
|||||||||
|
A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market and the borrower's financial situation. A short sale typically is executed to prevent a home foreclosure, the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property. The short sale process is unique to each property and not all lenders or properties may qualify for this option. |
||||||||||
|
|
||||||||||
|
What You Can Do About It ! FREE, FREE, Now is the time to make changes to your Mortgage Loan to avoid Foreclosure or repossessions. Put our mortgage experts and Law professionals to work for you. We work with you to modify your existing loan helping negotiate a win/win situation where your lender gets their payments and you get an equitable restructuring of your existing loan. Either these changes will enable you to stay in your home during these unprecedented economic challenges of our time or your lender will face legal challenges based on current law that protects you. |
||||||||||
|
||||||||||