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Short Selling or Loan Modification?

Are you behind in your payments?  Not sure if you should short sell your home?  Does a Loan Modification makes sense for me?   I can help.  Since 2005, I have negotiated hundreds of short sales with successful results.  The process can be very tedious and stressful, sometimes taking many months to get approval.   I know what it takes to get  through the sea of paperwork from beginning to close.   

My real estate business is built on the concept of putting your needs first.  And, an important part of that means that when you have a question or need support, I’m there.

What is a short sale?

Signing a Contract

A short sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. If your mortgage servicer agrees to a short sale, you can sell your home and pay off a portion of your mortgage balance with the proceeds. Depending on your situation you may be required to make a financial contribution toward the balance, but once the short sale is complete you’ll be relieved of your responsibility to pay any remaining balance—called a “deficiency waiver.”

What is a Loan Modification?

Modern Villa

Under this option, you reach an agreement between you and your mortgage company to change the original terms of your mortgage—such as payment amount, length of loan, interest rate, etc. In most cases, when your mortgage is modified, you can reduce your monthly payment to a more affordable amount.

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