Can I Short Sale If I’m Behind On Payments?
Can I short sale my house if I am behind on payments in Louisville KY?
Yes! As a matter of fact, banks and lenders have designed the short sale as a method to help borrowers who are behind on payments. The banks almost expect you to be behind on payments in order to qualify for the debt relief of a short sale. You have options, and there is a way out.
A short sale occurs when a house sells for an amount short of the full amount owed to the lender. Hence the word “short” in short sale. You can be many months behind on payments and they will still consider you for a short sale.
What happens to the difference between what is owed and what the lender gets?
In an ideal short sale the shortage is forgiven and the borrower never has to pay it back. Yes, the lender issues a forgiveness, in writing. Often the forgiven debt is tens of thousands of dollars or even hundreds of thousands of dollars.
Is This Too Good To Be True?
We have helped many avoid foreclosure and avoid bankruptcy. Please read these real testimonials from real people, right here in Louisville KY.
Please Take Action – You Deserve To Get Your Life Back
Is your house debt overwhelming? Is it time to shed that debt and start the recovery and rebuilding of your personal and financial life? Please take action now. I have helped many. Please let me help you. Typically the bank pays all your selling closing costs, including real estate commissions.
Call me any time to (502) 664-7827.
Submit Your Information Now or Call Us at (502) 664-7827 or (502) 895-3100.
If you enjoyed this post, you may also want to read:
- Can I Stay In The House While A Short Sale Is Being Done?
- Short Sale vs. Foreclosure. Behind on Payments in Louisville? You Have Options
- Short Sale – Can I Sell My House If It’s A Fixer Upper?
- Short Sales in Louisville
- Short Sales in Louisville – Sell Your House and Lose Your Debt
- Short Sales – When do I have to move?
- The Importance of Using a Short Sale Expert
- Foreclosure, Short Sale, Credit and Employment
- Half a Short Sale? Or, HAFA Short Sale?
- Hanging On Too Long When Can’t Afford Payments – Avoid Foreclosure With a Short Sale in Louisville
- I Need To Sell My House Fast In Louisville To Avoid Foreclosure
- Divorce, Foreclosures and Short Sales in Louisville, KY – Mistakes to Avoid
- In a Short Sale “Is it better that I move out?”
- Hidden Costs of Bankruptcy – What To Know If You Are Facing Foreclosure in Louisville
- “I Want Out From Under This Mortgage”: Avoid Foreclosure in Louisville
- “I’m in Foreclosure and Can’t Afford a Realtor Commission.” What to do?
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