Did you know there may be other options to save your home and your credit from foreclosure. There are some many questions out there and even more misinformation. By now most people have heard of the term “shortsale” but what they don’t know are the in’s & out’s of a shortsale.  What we should actually say regarding a “shortsale” is that it’s a “LONG” sale. There is NOTHING short about it. 

If you are a seller you may be asking…. how long does (will) it take? Is there any money out of my pocket? What info do I need to provide? Well those are all loaded questions. First, how long does it take? It depends on the bank, the mood of the negotiator, how backed up they are in their paperwork, and so on and so forth.  Secondly, is there any money out of my pocket as a seller? That also depends on the loan type, if there is a second mortgage, or a line of credit, etc.

What you really need to do is educate yourself, go on line, call an agent and do it NOW! don’t keep putting it on the back burner, you’ll feel much better getting it figured out.

Here is a great link to some inside info regarding shortsales ”SAVED BY THE SHORTSALE“ CLICK HERE  (make sure your sound is turned up)

Until next time…………….

Blessings from Tonya & Tifni