Shorts sales have long been an industry taboo - however with changes coming to all the major Lender Processes short sale are now closing quicker and with less stress than ever.
If you want to sell your house but it’s value is less than the amount remaining on your mortgage, a short sale may just be the answer. A successful short sale will allow you to sell your house and settle your mortgage debt.
By completing a short sale rather than allowing your house to go through foreclosure, you avoid eviction and your house will not be sold at a public sale or auction. Plus, depending on your circumstances, you could qualify for financial assistance to help with relocation costs.
Bank of America has recently starting offering homeowners who qualify incentives of up to $30,000! Bank of America has even started pre-approving listing prices prior to offer or in some case prior to even marketing the home.
If your loan is a Bank of America product please call Marshall at 843-277-6312 - Marshall
Recognize and avoid mortgage fraud, loan assistance scams and other common schemes
- Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a past due loan
- Beware of anyone who says they can "save" your home if you sign or transfer over the deed to your house
- Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage servicer to forgive your debt
- Never make your mortgage payments to anyone other than your mortgage servicer without their approval
For more information about avoiding and reporting foreclosure rescue scams, please visit the Loan Modification Scam Prevention Network