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Short Sales in Lakeville are becoming more and more common in today’s market. As Realtors in Lakeville that have an expertise in short sales our team can help you evaluate all the options.
If you live in Lakeville and have questions on Short Sales or would just like to better understand the process, feel free to schedule a Free-No-Obligation Consultation. Our agents can answer all your questions and help you determine if a short sale is the right thing for your Lakeville Home.
Understanding a Short Sale
A short sale occurs when the homeowner sells his home to a potential buyer for less than what he currently owes the lending company. In a short sale, the lending company will let the difference slide if the amount if close enough to the market value.
Short Sale Benefits
There are a number of reasons to consider a short sale if you are worried about foreclosure. First of all, you can avoid the shame and embarrassment that comes with having your home taken off you. You can sell your home and get out of debt without any financial complications down the road. Although your credit rating may suffer if you have missed a few payments on your mortgage, you can avoid losing 300 points on your credit rating as you do with a foreclosure. Perhaps the greatest benefit to a short sale is the sense of freedom you will feel. You are relieved of any debt of the past but without negatively impacting your financial future.
Is a Short Sale an Option for You?
If a short sale is such an excellent alternative to foreclosure, then why doesn’t everyone who is facing foreclosure do it? Although a short sale will offer you a better way out of financial debt, not everyone can qualify for a short sale. In general you will need to demonstrate financial hardship in order to qualify for a short sale.
Lakeville Short Sale Advice
A short sale of your home may not be the outcome you were hoping for but it is an important alternative to consider if you are in a tough situation. With the right Lakeville short sale expert, you can avoid foreclosure and start fresh with a short sale. Our team can help you through the lengthy process that comes with short sales. We are licensed and certified to help homeowners out of a difficult situation.