Are you a homeowner unable to pay your mortgage and want to avoid legal complications? There are two options, first one is short sale and the second one is foreclosure.

What Is a Short Sale?

A short sale is a transaction in which the banks let delinquent homeowners sell their homes for less than what’s owed. The homeowner finds an agent and puts the house on the market for less it real value and mortgage balance”

The idea is when the house sells, the lender will recoup enough to reduce it loss. A short sale may not release the borrower/homeowner from the debt he or she incurred with the original mortgage, but it can be better than a full-on foreclosure.

Benefits of Short Sale over Foreclosure

There are several benefits of short sale over foreclosure, some of the major benefits are:

  • Protect credit Score
  • Prevents Foreclosure
  • Saves you money
  • Gives you more control
  • Helps the lender
  • Peace of mind
  • Eliminate need for bankruptcy
  • Start rebuilding faster
  • You get your life back
  • Mortgage debt relief
  • You may get a release of liability
 

Contact Me

MIKE DAYE, ABR
Luxury Real Estate Sales & Development Consultant
Homeland Realty Group Llc

9 Harmony Grove Rd, Lilburn, GA 30047

Direct: (678) 310-7064

Cell: (404) 933-7551


 

MIKE DAYE
Associate Broker | Luxury Real Estate Sales & Development Consultant

Homeland Realty Group Llc | Foresight Real Estate

Phone:
Address:
9 Harmony Grove Rd
Lilburn, GA 30047
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