|
|
Short sale information, How to short sale my house.
Mahopac NY - The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?” Christy asked.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is the answer. If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within.
I have seen lenders wait a year after the first missed payment just to file for foreclosure. Yes, you can live in your house for free for a long time. However, a short sale has many advantages over a foreclosure.
It does less damage to your credit and allows you to buy another home in 2 years versus the 5-7 years after a foreclosure. In addition, you can get some money as an incentive for doing the short sale.
If you want the benefits of both, then stay in your home until the foreclosure case has been started. Then, start working on a short sale with your agent. A short sale can take anywhere from 3 months to even 6-9 months to process.
This will allow you to salvage your credit and live "rent free" for 12-24 months. You will be able to wipe out all that upside down debt and move on with your life. Best of all, you will be eligible to buy another home in 2 years once you are back on your feet.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Harry@townandvillagerealty.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (914) 714-8014.
Discover how other sellers successfully completed a short sale and request a free consultation.
Thanks for reading this, Henry DOnofrio.
Henry is a Real Estate Agent at Town and Village Realty.
Phone: (914) 714-8014. Harry@townandvillagerealty.com
View My homes for sale at www.townandvillagerealty.com
Henry DOnofrio short sales in White Plains New York. White Plain Loan Help, White Plains short sales. White Plains Short Sale Reator Short Sale Realtor. Mahopac NY Short Sales. Mahopac Realtor.
Comment Notification
Subscribe to this post's comments using
|
|
|