As a result of the recession, more and more homes are going into foreclosure. Many of these homeowners have found that a short sale is the best option to avoid foreclosure, and avoid having their credit affected by a foreclosure.
A short sale involves selling your home in order to pay the bank the remainder of the amount owed on the mortgage, this enables the homeowner to settle the mortgage while allowing the bank to recoup their losses. Having a foreclosure on your credit report ensures you will not be able to qualify for loans, and it may take years before you can qualify for another mortgage. After a short sale the bank will consider the mortgage paid off and the damage to your credit will be substantially less.
We at Extreme Homes Group, have years of experience in helping homeowners complete their short sale. We will walk you through the entire process of listing and selling your home and ensure the process goes as smoothly and quickly as possible.
Feel free to call us at 718-576-6300 for more information and to get the process started today.