TOP 5 SIGNS YOU SHOULD CONSIDER A SHORT SALE:
5.
You owe more on your mortgage than your home could sell for, lack the funds to make up the difference, and you'd like to relocate to a different area.
4.
A recent loan modification or HUD Partial Claim has increased the balance of your mortgage to beyond what it could fetch on market and you're struggling with the new payment.
3.
Your home needs expensive repairs to sell traditionally, and you don't have the money to pay for them.
2.
You are, or are considering, renting at a loss because you can't get enough for the home to clear your debts.
1.
You are facing foreclosure but you can't sell for what you owe the bank and you want to avoid the foreclosure and being sued for a deficiency judgment.
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Last Updated on February 16, 2024 by Minna Reid
