If you owe more on your house than what it’s currently worth, the lender may allow a short sale. A short sale is a real estate transaction where the mortgage company lets the homeowner sell the property for less than what is currently owed on the mortgage. The best part is there is no cost to the homeowner to do a short sale. The short sale will help you avoid foreclosure and settle your debt.
See If You Qualify
You’re undergoing financial hardship, such as loss of income, divorce, excessive debt, or death of a homeowner.
You owe more than the house is worth when factoring in the mortgage, additional liens, HOA fees, and closing costs.
Your mortgage loan is at least 30 days delinquent.
An appraisal obtained by your lender shows the value of your home as less than the mortgage amount