How to use them?
If you think a Short Sale could be an option for you, the first thing you need to do is list your home for sale. Contact us, and our team of professionals will help you get your house on the market. Once your home is listed, we will contact the bank and start the Short Sale process. When we have an offer on your house, we will negotiate with the bank on your behalf to get the Short Sale approved and help you avoid foreclosure.
Although each bank or lender has its own specific criteria, in order to get approval for a Short Sale, you must prove that you have a ‘qualifying hardship’ that prevents you from making the payments on your mortgage. Merely owing more money than your home is currently worth does not automatically qualify you for a short sale.
Qualifying hardships include:
- Loss of your job
- Reduction in your income
- Significant medical bills
- Significant medical problems
- Divorce or separation
- Death of one of the mortgage holders
- Increase in your mortgage payment
- Failure of your business
- Military service
Not sure if you qualify?
Call us at 949-599-4006 and and speak to an Orange County short sale specialist to determine if you are a good candidate for a short sale.
Orange County Short Sale Professionals
