(703) 621-2114 [email protected]

What’s a short sale? 

Put simply, A short sale allows homeowners to sell their property for less than they owe.

Here, we explain how A SHORT SALE WORKS AND WHY YOU MIGHT BENEFIT FROM ONE. 

CONTACT OUR SHORT SALE EXPERTS

Understanding the Short Sale

In certain qualifying cases where a homeowner owes more on their home than what it is worth today, a lender may allow that homeowner to sell the property for less than the mortgage balance and accept a short sale. A short sale allows the homeowner to sell their home to a buyer, thereby avoiding a lengthy foreclosure process that can be damaging to credit and future ability to purchase real estate.

Qualifying for a Short Sale

To qualify for a short sale as a homeowner, you must meet three simple requirements: 

  • One, you must have a financial hardship for a verifiable reason why you are unable to pay your mortgage payment,
  • Two, you must have insolvency or in the eyes of the bank you must not have the cash or assets to pay off your mortgage balance,
  • And three, you must have a monthly shortfall for verifiable financials that show that each month you can’t afford all of your monthly payment obligations, including your mortgage.

Confused? Not sure if you’d qualify? We can help you figure that out.

Our team walks homeowners through the process from start to finish, so that you’re not struggling to gather your documents or communicate with the various participants. We take on the process for you. You’re never alone.

How might you benefit from a short sale? Let’s break it down.

If you’re behind on payments or facing foreclosure, a short sale may be your solution to escaping debt and moving your life forward.

Benefits can include:

  • Receiving thousands of dollars in relocation assistance,
  • Eliminating debt and protecting your credit,
  • Avoiding foreclosure and bankruptcy,
  • Selling your home for less than what you owe, at no cost to you.

If you’re thinking of short-selling your home — don’t wait! The sooner you get started, the greater your chances of success.

Struggling with mortgage debt is stressful. It weighs on you around the clock. Take the first step toward sorting things out, and talk to our team today. We offer a free, no-judgment, supportive consultation to help you get started.

CALL TODAY

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"Before I spoke with Eric at Mortgage Debt Help, I was stressed to the max! My father's house was being foreclosed on. I did not know what to do. After our conversation, Eric helped me speak with the mortgage company because my father had a reverse mortgage, and there could only be a few reasons as to why they were foreclosing. Eric was right! It was a simple document my father did not sign. Three months of agony was lifted off our shoulders because Eric provided us with the right advice."

A. Smith, Norfolk, VA

"I didn't know what to do. Until I spoke with Mortgage Debt Help, I was sure I was going to lose my house to foreclosure. Eric provided me sound advice I couldn't find anywhere else. With their plan, I was able to reinstate my loan on time and keep my house. I'll be sure to use this team in the future! Thank you!"

Kathy M., Sufffolk, VA

"Before I spoke with Eric at Mortgage Debt Help, I was stressed to the max! My father's house was being foreclosed on. I did not know what to do. After our conversation, Eric helped me speak with the mortgage company because my father had a reverse mortgage, and there could only be a few reasons as to why they were foreclosing. Eric was right! It was a simple document my father did not sign. Three months of agony was lifted off our shoulders because Eric provided us with the right advice."

A. Smith, Norfolk, VA

"I didn't know what to do. Until I spoke with Mortgage Debt Help, I was sure I was going to lose my house to foreclosure. Eric provided me sound advice I couldn't find anywhere else. With their plan, I was able to reinstate my loan on time and keep my house. I'll be sure to use this team in the future! Thank you!"

Kathy M., Sufffolk, VA

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Mortgage Debt Help

A Department of Core Real Estate

968 South Oriole Drive, Suite 209

Virginia Beach, Virginia 23451

(703) 621-2114
‍[email protected]

R.E. License #0226030374