Philadelphia Short Sale Specialists - FREE Realtor Help in Altoona, Pennsylvania For Sale
Type: Real Estate, For Sale - Private.
Philadelphia PA Short Sale Realtors
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With the economy's recent downturn, an astonishing number of homeowners have become delinquent on their mortgages. Unfortunately, many of these borrowers are not seeking a loan workout program of any kind, in many cases because they are unaware that alternatives exist.
A short sale is an alternative to foreclosure that takes place when a lender allows a borrower to sell their home for an amount that will not fully satisfy their loan. To qualify for a Pennsylvania short sale, borrowers must prove to be suffering from a financial hardship (loss of income, divorce, relocation, medical expenses, etc.)
Pennsylvania Short Sale Information
The short sale process is at absolutely no cost to borrowers. Lenders pay sellers' closing costs which includes Philadelphia PA short sale Realtor fees. In most cases, the lender will forgive the borrower of the deficiency amount (the difference between the loan balance and what the home sells for). This isn't automatically the case but complete forgiveness has become very common.
Perhaps the most important aspect of the short sale process is hiring a Philadelphia short sale Realtor to handle your case. An expert Realtor will know what it takes to get your home sold as quickly as possible. If you are considering a short sale and you have reason to believe you will easily qualify, it's a great idea to start the process soon. The largest hit to your credit score during a short sale comes from missed mortgage payments. If you have stopped paying your mortgage, your credit is only going to decrease with each missed payment until your home sells or is foreclosed on.
www.PennsylvaniaShortSale.com
877-737-xxxx
Short sale your Philadelphia real estate with expert Realtor help to stop foreclosure on your home. FREE short sale help to Philadelphia PA homeowners in financial hardship. Our short sale specialist Realtors work areas such as Montgomery County PA short sales as well as the rest of Pennsylvania.