What Is The Benefit of a Short Sale of Your Home
What is a Short Sale and How can it benefit you?
Short sale are fast becoming the greatest source of homes for sale in Stockton and homes for sale in Lodi and fast out distancing foreclosed homes. Many distressed home owners are unable to be granted loan modifications or a mortgage refinance. A short sale is a sale of home in when the proceeds are less than the outstanding balance due on a mortgage. In this case the lender agrees to take less than the amount owed on the loan, in return for the sale of the distressed home to a a new home owner, The Lilly Team at PMZ Real Estate helps home owners with short sales often without any cost to the home owner.
What does it take to qualify for a short sale?
§ You are in pre-foreclosure and Are You Facing a foreclosure?
§ Your mortgage holder has refused a loan modification?
§ You owe more than you can sell your home for?
§ Do You Want to lessen the negative impact on your credit?
§ Do You want a Fresh Start?
§ Do you want to avoid a deficiency judgment and future collection efforts?
§ Do you have and adjustable rate mortgage and you payments are escalating?
A short sale may be your best option if you answered yes to any of the questions above The real estate market in Stockton and Lodi has an abundance of properties that are in default or foreclosure. Avoiding foreclosure is often the best answer for home owners. Home owners that choose to sell their home through a short sale are often eligible to purchase a new home in 2 years rather that 5 to 7 years with a foreclosure,
There are only 3 three solutions for a home owner underwater in their mortgage: bring your mortgage current, short sale your home or foreclosure. At the successful conclusion of a short sale you will be able to lessen the impact on your credit in a shorter period of time. The Lilly Team are certified short sale specialists and can negotiate and market you short sale property. Call us today at 209-479-9222 or visit our web site at www.hughlly.com or e-mail us at thelillyteam@comcast.net.