Trying to sell a home when you owe more than it’s worth can be difficult and stressful – so it’s important to know how to negotiate the best short sale possible.
There are a lot of variables to consider when trying to get rid of a house that you’re upside down on, and the process you need to sort through can vary from one lender to the next.
Because she was so upside down on her mortgage, this homeowner was preparing to sign a deed in lieu of foreclosure when we first met – which would have damaged her credit for years!
Her problem was that the house was old and in disrepair (crumbling walls, broken windows, leaking pipes, needed sewer connection, and decades of clutter to be removed). Those repairs were a hassle and expense she wasn’t prepared to take on, much less doing all the work of finding a buyer at a price the bank would agree to. She was ready to simply walk away and deal with the consequences.
Instead, our dedicated short sale team was able to negotiate a successful short sale at no cost to the homeowner. No stressful repairs, no more calls from creditors, and no more upside mortgage to lose sleep over!