Short Sales

There are other options than foreclosure

Short sales are an alternative to going in to foreclosure. Several banks have allow short sales to be performed vercus letting the home go in to foreclosure. This is a process in which the bank allows the home to be sold for less than the amount of the current loan. Many lenders prefer this option because they lose less money than if the home were to be allowed to go into foreclosure. Along with that, short sale time periods are much shorter than the foreclosure procedure.

You too, the homeowner benefit from a short sale as oppose to a foreclosure. Short sales typically stay on your credit for two years while foreclosure impact your credit for seven.

I understand how indepth and paper laboring the short sale process is, but look forward to helping you get relief from the burdon and stress of struggling to make that next difficult mortgage payment. My vast knowledge of short sales have equipped me with the experience necessary to properly advise and counsel you step by step throught the entire short sale process.

If you’re considering a short sale or have questions concerning the process please don’t hesitate to call or email Ursula Gray Realty today for a private consultation today.