Help Short Sale Settlement

Homeowners who have borrowed money via an instrument of mortgage or deed of trust have a financial duty to pay the note holder. The deed of trust or mortgage is recorded which secures their interest. During the financial crises it was further brought to light of many borrowers over leveraging and being provided with potentially predatory loans which when adjusted made the payments unaffordable to the borrower. Coupled with real estate prices going down many borrowers were pushed into foreclosure situations while holding underwater real estate assets.

Borrowers who have underwater and non performing homes often want to sell. When you can’t pay the debt on the home in full then a short sale settlement is needed. A short sale settlement is a process in selling the home for less than what is owed and shorting the lien holders on the home. The goal is to settle all debt with the lien holders on title. Short sale settlements exist to help borrowers reduce liabilities while liquidate non performing and underwater real estate assets. There are many benefits to a short sale when it comes to cutting losses, potentially reducing liabilities on the debt, receiving money from the bank and overall reduce hardship of the borrower.

If you need assistance with a short sale settlement, please fill out the form below.