Having some sort of hardship is the key to the short sale process. MOST people are a victim of circumstance, but if you were in doubt here’s to the top ten hardships we face every day.
Remember, doing a short sale is fighting back… It’s taking control of your situation and at least managing what is most likely a difficult scenario. Don’t let your home go back to the bank. Do a short sale. You’ll thank us later!
- Health Issues
- Rate Increase (ARM loans)
- Predatory Lending, Borrowing (We have people call with 10% interest rates!)
- Divorce
- Overextension (Bought more home than they could afford)
- job loss
- two home payments
- distressed seller (catch all for “other” “stuff” is happening)
- Declining Market (must sell, but UPSIDE DOWN)
- Pre-Foreclosure – (behind on payments and now you’ve gotten the notice)
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