Right now might be a very trying time for you and your family. If you are facing difficulties and are behind on your mortgage, thinking about how you are going to make your next payment, or your lender has contacted you about foreclosure, don’t lose hope! There are several options available to you, including a potential short sale.
For a brief explanation of what is a short sale, turn your volume up and view the above minute and a half informative video about short sales.
In a nutshell, a short sale (as your lender views it) occurs when you sell your home for less than what is owed. Therefore, the lender comes up short of what is actually owed to them. That’s pretty much what a short sale is!
Now, you can’t just put your