Do I Qualify For A Short Sale

Do I Qualify For A Short Sale

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Homeowners can qualify for short sale approval by proving a financial hardship. An involuntary financial hardship is some event, beyond the homeowner’s control, that caused the mortgage payments to become unaffordable, even if only temporarily. Acceptable hardships typically include:

    * Loss of a employment

    * Curtailment of income

    * Increased mortgage payment or liabilities

    * Loss of tenant(s)

    * Divorce or Separation

    * Catastrophic medical event

    * Job relocation

    * Military service

    * Death in the family

Most lenders distinguish between someone who lost their job and someone who voluntarily quit their job. Thus, unless you are able to prove that you were forced to leave your job, or asked by your employer to take a significant pay cut, a change of employment status may not automatically qualify you for a short sale. Furthermore, many homeowners have suffered multiple hardships, and it can be difficult deciding which hardship you should present to your lender when requesting a short sale.

If you are upside down on your mortgage and you feel that you may qualify for a short sale please don't hesitate to contact me also you can always check out my website to find great short sales in your area  www.bestshortsaleguy.com

I cover all of Norfolk, Plymouth, Essex and Middlesex Counties. I specialize in Short Sales, REO, Foreclosures, Distressed Properties. I guarantee to stop the Auction on your home if you call me in time. My direct number is 781 589 5622. Tony Nakhle


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Phone: 781-589-5622
Dated: July 21st 2016
Views: 5,054
About Tony: Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale Bor...

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