Can I sell My Home if I Owe More Than it is Worth?

Depending upon your financial circumstances, there are certain situations where you can sell your home if you owe more than it is worth. In a short sale, your lender will pay all of the fees normally paid by the seller in a standard real estate transaction. 

To short sell your home, you must be approved by your lender in order to qualify to sell your home for less than it is worth. To qualify you must be able to prove financial hardship and it must be shown that a short sale is one of your final options prior to your lender foreclosing on your property. You will need to list your home with a qualified, licensed real estate agent for fair market value and provide documented financial records proving your hardship. Using a real estate agent that is a Certified Distressed Property Expert® can insure all of your questions and concerns are handled promptly and professionally, and will also insure your transaction goes as smoothly as possible.

If you have questions regarding the short sale process, contact one of our Certified Distressed Property Experts® today for a free, no obligation consultation regarding your situation.