Should I Consider a Short Sale?

Are you currently late on your mortgage payments?  Do you foresee being late in the future?  Is your loan balance more than 50% higher than what your home is worth?  If you answered “yes” to any of these questions, you may want to consider short selling your home.  If you have a hardship causing you to be in a distressed financial situation for reasons including, but not limited to the following:  divorce, job loss, income reduction, job transfer or illness, then we can most likely get your home approved for a short sale.   You must provide 2 years of tax returns, 2 months of paystubs (if working), 2 months of bank statements and a financial worksheet stating your current monthly income and expenses. These financials (for the exception of the tax returns, in most cases) must show a hardship. 

We have seen that short sales are much easier on the credit than a foreclosure.  Usually it is in your best interests to proceed with a short sale before you go into foreclosure.  If you are interested in short selling your home or know someone who is interested, please visit our website at www.baxterhomesales.com for more information.  Before completing the necessary forms, please complete the information page on our website so that we can better advise you on your specific situation.