Homeowners In this challenging economy, many homeowners are finding it more and more difficult to pay their mortgage on time or in full. Every day we hear stories of homeowners all over the country walking away from their mortgages (which could damage your credit rating for 8-12 years). Other homeowners feel they have no other choice but to sit back and wait for the lender to foreclose. If you find yourself in this situation, remember: you still have options! You may be able to avoid foreclosure through some of the new federal programs like HAMP or HAFA, or you could try to sell your home as a Short Sale. A Short Sale is when your lender agrees to accept less money to pay-off the mortgage than what the current pay-off amount is. I've put together this guide of important information to help you learn about the process of selling your home as a Short Sale. Qualifying for Short Sale Things to Watch Out For When Short Selling Your Home Your REALTOR®'s Role Can I Buy Another Home? How HAMP Can Help You How HAFA Can Help You Loan Modification
