Do I Qualify For A Short Sale

Dated: 07/21/2016

Views: 5239

Image title

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


Check out this awesome deal {mls: 72039744}


Blog author image

Tony Nakhle

Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale Born and raised in Beirut Lebanon, moved to the Boston area in 1990. Got my Real Estate license in 1994....

Latest Blog Posts

Sell My House in Boston | 4 Reasons to Sell This Fall

Sell My House in Boston | 4 Reasons to Sell This Fall  Most real estate brokers and agents don't really have all the tools needed to provide 100% selling services to sellers that need to

Read More

Open House Sunday 9/23 @ 11:-1:00

Nice Colonial to entertain Family & Friends a great yard, garage, new hot air heating system and updated kitchen. Call or Text Lorraine @ 508-714-9049 for your private showing.;...

Read More

Communities of Greater Boston Homes For Sale | If You Are Thinking of Selling? You Must Act NOW!

Communities of Greater Boston Homes For Sale. If You Are Thinking of Selling? You Must Act NOW!If you are looking for a home in the Communities of Greater Boston. Let us share a secret with.

Read More

Foreclosures in Norfolk County

Foreclosures in Norfolk CountyIf you have been looking for real estate at less than full price, you may want to consider a foreclosure property. See the foreclosures in Norfolk County Here

Read More