By David Halpern, Louisville Short Sale Expert, (502) 664-7827 or 895-3100

Thousands of homeowners are behind on mortgage payments in Louisville. You are not alone. It’s a local and national epidemic.

  • ·         The job market is weak.
  • ·         House values are down, big time.

When the money isn’t there to make the house payment, it just isn’t there.

You know you will recover but it’s a timing issue.

In the meantime this house and the mortgage need to be gone, ASAP.

You want to sell the house before the bank takes it in foreclosure. Your bank may have told you to get a Realtor to sell the house, but you can’t afford a realtor and the house will sell for less than owed.

Enter the SHORT SALE.

What is a short sale?

A short sale occurs when a house sells for an amount that falls short of the full amount owed to the bank. Hence the word “short” in short sale.

What happens to the difference between the amount owed and what the lender gets?

In an ideal short sale the shortfall is forgiven and the seller never has to pay it back. The lender often the forgives tens of thousands of dollars or even hundreds of thousands of dollars. The seller gets a confirmation in writing from the lender that the deficiency is forgiven.

Does the lender always forgive the shortfall?

No, not always. It varies from case to case.

Dave, I’m so stressed and I want my life back! This sounds too good to be true. Does this really happen?

We successfully close dozens of short sales every year. We routinely get hugs and tears of joy and relief at the closing. The lender doesn’t want to own your house or foreclose on you, and you want to avoid foreclosure. Everyone has the same goal. Please click here for testimonials.

There is Help and There Are Options

Please call me at any time, seven days a week. My personal number is (502) 664-7827.

Submit Your Information Now or Call Us at (502) 664-7827

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