Short Sale Qualifications
In order to qualify for a 'Short Sale', you must show the lender that there is a financial hardship or a material change in your financial situation that is or will affect you ability to pay your mortgage.
Acceptable Financial Hardships
- Loss of job
- Business failure
- Damage to the property
- Death of a spouse
- Death of a family member
- Severe illness
- Inheritance
- Divorce
- Mandatory job relocation
- Medical bills
- Military service
- Payment increase or mortgage adjustment
- Insurance or tax increase
- Reduced income
- Separation
- Too much debt
- Incarceration
If you or someone you know is behind on their mortgage payments, contact me for a private consultation. As a Certified Distressed Property Expert (CDPE), I have the skills and knowledge to help save your, your family and your home from foreclosure.
