Short Easy Answer: Yes - (more info)
Longer Answer (with reasons): You are facing foreclosure, which is a terrible experience no matter what the reason is. The bank is in the business of making money, any way they can, and are not looking to lose money off your mortgage. If you allow your home to foreclose the bank will come after you for the difference in the form of a judgement, however with a short sale the bank agrees to a price and sells it. The best way to start the process is to find an experienced Realtor to help you with the whole process, answer the phone and get a short sale packet from your lender, and start looking for new options on where you can live. It is difficult to hear but if your home is in foreclosure there is no magic law that will save your home; if you have reached an impasse with your lender than the best thing is a short sale.
Ben Strom - Realtor
763.221.9773
Ben@fishmls.com
No comments:
Post a Comment