Short Sale Purpose
Short sales assist Homeowners who no longer wish to live in the home because of extreme circumstances, or who have exhausted finacial effots to afford the home.
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If this is the case and the mortgage balance exceeds the property value, your bank may be able to accept less then the amount owed by the borrower so they can gracefully exit the prop
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Short sales can be helpful for homeowners who owe more than their home is worth.
Benefits of A Short Sale
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Provides a graceful exit for the customer
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Alleviates a VERY stressful finacial situation
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Offers a means of transitioning to a more affordable housing solution
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Minimizes adverse impacts on credit when compared to foreclosure
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May provide finacial incentive for the homeowner to complete the Short sale
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