Real Estate Resource Project - The Defined

What's a Real Estate Short Sale?

A short sale may help you sell your home - even if you owe more on your mortgage than you home is worth.

Like many homeowners, you may feel like the lender is giving you no direction - no hope. Many lenders offer a short sale option to help you sell your home for a price close to fair market value. If eligible for a short sale, your lender may agree to settle your mortgage debt for less than what you owe.

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In other words you're shorting or settling a mortgage debt. That's why its called a "Short" "Sale".

A short sale may be an option if:

  •  You have a financial hardship
  •  The value of your home is less than the mortgage debt
  •  A loan modification is not an option
  •  You meet other qualifying factors

 

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Learn the steps in the short sale process.

Download your copy of our free eBook

If your like most, the short sale process can be confusing. With so many homeowners getting lost in the document a thon that stress becomes overwhelming. We help you better understand the common short sale process with our free eBook, "Steps in the Short Sale Process".

What you'll learn:

  • Planning your options
  • Contacting lenders
  • Lenders BPO and Appraisal Process
  • And so much more

Get This eBook

 

 

 

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Disclosure

The information provided is for guidance purposes only. Delmarva Home Relief may provide professional opinions regarding short sales and information related to short sales. Consumers should conduct their own resource before making any decisions. Delmarva Home Relief does not guarantee any outcome of a short sale program or other form of morthahe assistance, with any mortgage lender or loan servicer. Contact your lender, an attorney, or loss mitigation professional for more details about the available mortgage assistance options. Delmarva Home Relief is not associated with the government, any mortgage lenders or loan servicers.