Posted February 14th, 2012 under Short Sale Help

Qualifications For A Short Sale

Tags: Short sale realtors, short sale specialists, short sale negotiators

Having to Short Sale your house can be a very difficult decision and very confusing. It is important that you educate yourself as much as you can so that if you do have to Short Sale your home, you will be able to understand what this process will entail.

Did you know you must meet certain qualifications in order for your bank to consider letting you short sale your home?

 

1: Up-side down - you must owe more on your home than it is currently worth.

2: Financial Hardship - You must be able to prove that you have a financial hardship or that you are a financial threat to your bank.

 3: Default - In most cases you will have to be in “default” of your loan payments in order to show that you are a “threat” to your bank.

 

If you feel you meet these three qualifications and want to know more about the Short Sale process, please do not hesitate to contact us. Homehelper consultants has helped successfully negotiate over 700 Short Sales since 2006, and we are here to help you!