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San Fernando Valley Short Sale Help

A short payoff or short sale review is a work out option that needs to be approved in order to settle a mortgage debt for less than full. Settling a mortgage debt for less than full entails that a property not having any equity. This consists of the borrower(s) on the note providing their financial documents and servicer short sale package for review, along with real estate paperwork.

A mortgage servicer will follow protocol per the investor guidelines on the note to facilitate the short sale. Different investors may have different rules for who and what may be approved. One of the most important factors is what they feel the home is worth which is determined by a BPO or an appraisal. The value is reviewed with the offer on the home alongside the borrower financial hardship. All of this information is used to determine if the short sale will be approved.

If you need San Fernando Valley Short Sale help or have questions, please fill out the form below or call 1-800-692-9960 and a specialist will be in touch with you shortly.

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