Signs you should look at a short sale for mortgage relief

3 Signs You Should Be Looking At A Short Sale to Help Get Out From Under Your Mortgage

3 Signs You Should Be Looking At A Short Sale to Help Get Out From Under Your Mortgage

No one wants to be caught in a situation where they’ve committed to paying for something they can’t… It’s stressful and hard on your mental health. Nearly all of us have the best of intentions of paying our bills on time, it’s not good for our credit or our confidence to be unable to pay our bills. 

One of the bigger payments that we have is our mortgage and often times it’s one of the hardest to pay when we’re having trouble paying our bills… If you’re here you’re probably looking for mortgage relief and help to get out from under that large payment that’s plaguing your mental and financial health. In this article, you’ll find 3 reasons that you should be looking at a short sale to help get out from under your mortgage…

  1. You know you’re going to struggle to pay your mortgage in the coming months
  2. You’re already behind on your mortgage payments
  3. You’re in pre-foreclosure or foreclosure

These signs are the exact reasons you should be looking for mortgage relief and help with a short sale…

1. You know you’re going to struggle to pay your mortgage in the coming months

If you know you’re going to be struggling to make your mortgage payments in the coming months, it’s important to gauge the amount of money you have in your savings account and to start looking at your options. Whether you’ve been laid off, or your expenses have greatly increased, it’s extremely important to be proactive in your attempts for mortgage relief.

If you know you’re going to struggle to pay your mortgage in the coming months, please make sure that you start planning now and making the required steps in order to protect your credit and your family. Start with calling your lender and explaining your situation. Many lenders will start with forbearance which is further explained in our full-length article about mortgage relief and short sales

Start with forbearance but quickly start contacting a business like ours in order to help start lining up a short sale if forbearance is not going to be enough. 

2. You’re already behind on your mortgage payments

If you’re already behind on your mortgage payments, forbearance may no longer be an option. If you’re far enough behind, you may already be in foreclosure or pre-foreclosure. If you are, contact us TODAY, we can help you with the situation that you’re in and be a part of the solution. If you wait too long, we won’t be able to help… 

If you’re behind on mortgage payments, immediately call your lender and explain why. Tell them about your hardships and ask them what they’re willing to do to assist you in your hardships. Next contact a Real Estate Company that specializes in short sales, like us. We specialize only in short sales because of the complicated process that it takes to get approved and to get an offer for your short sale property. Because of this, we’re the best option for you to receive help with your mortgage and to help you in the execution of a short sale.

3. You’re in pre-foreclosure or foreclosure

The 3rd sign that you should be looking at a short sale for mortgage relief is if you’re in pre-foreclosure or foreclosure. A foreclosure is an expensive option for the bank and it’s not always in their best interest to foreclose on your property. 

If you’re proactive and willing to do some extra work, you can often help save your credit and help yourself out by negotiating the ability to do a short sale with your bank. If you’re insolvent and unable to pay the mortgage, and if the value of the house is less than what you owe on the mortgage… a short sale is likely your only option to help avoid foreclosure. 

In conclusion, if you’re struggling with your mortgage payments and looking for relief… A short sale is likely your best option. We are Oklahoma and Ohio’s premier short sale agency. We specialize in short sales and we have parties ready to submit offers on your house as soon as the short sale is approved. If you’re struggling with paying your mortgage and need help, contact us today and we’d gladly help you get started with the process.

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