Eligible for Short Sale

Eligible for Short Sale

A hardship is a material change in the financial situation of a homeowner that is affecting or will be affecting their ability to pay their mortgage.  Examples of acceptable hardships are:

  1. Loss of Job
  2. Business Failure
  3. Damage to Property
  4. Death of Spouse
  5. Death of Family Member
  6. Severe Illness
  7. Inheritance
  8. Divorce
  9. Mandatory Job Relocation
  10. Medical Bills
  11. Military Service
  12. Payment Increase or Mortgage Adjustment
  13. Insurance or Tax Increase
  14. Reduced Income
  15. Separation
  16. Too Much Debt
  17. Incarceration

Did you know foreclosure is not the only option?

  • Banks prefer to do a short sale over a foreclosure
  • Banks are not in the business of owning property and do not want to foreclose on you.
  • Short sales would not negatively impact your credit as much as a foreclosure would.

If you, your family, or your friends find yourself in this scenario - call us!

 

 

Jeanne Kozak, Broker. Each office independently owned and operated.