DMGPM.NET - SHORT SALE

A short sale is one of the options available to homeowners to avoid the painful process of foreclosure. It is the sale of a property for less than the total amount owed to the mortgage investor. The lender forgives the remaining balance of the loan.
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These are some of requirements for a short sale approval:

Owner must have a hardship
Property must be listed with a Realtor®
Purchase contract must be submitted to the mortgage servicer for approval
Mortgage servicer must approve the price and offer to complete a deal.
No actions will be taken to obtain losses from borrower

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773 240-7597

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FACING FORCLOSURE?
A short can help you avoid forclosure

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Who Should Consider a Short Sale?

With loan modification as the best solution to save the house, short sale is the best for home owners who couldn’t pay their mortgage and are not qualified for loan modification. It could happen if borrowers’ income is not sufficient to support any reasonable modified rate or not stable enough to convince the lender that you will be able to pay a modified mortgage rate in the foreseeable future.

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