Short Sale or Foreclosure What does it mean to you and do you Qualify for short sale?

Short sales and Foreclosure the difference and why it matters to you.  In a foreclosure your credit score can be decreased by over 200 points where as a short sale your credit score may be decreased as little as 50 points.  Qualifying for a shortsale means that you have to show hardship. 

1. Job loss

2. Business Failure

3. Medical or illness

4. Death or divorce

5. Natural disaster

If you have liquid assets, that Lender will want you to contribute. 

Short sales require substantial documentation and the Seller is responsible for gathering all supporting documents but I will be with you helping you to gather and will put it all into a short sale package to submit to the Lender when a buyer is found and a offer has been accepted.

If you would like to know more about the process e-mail me at shannonthomas@kw.com  or you can call me Shannon Thomas REALTOR® 317-681-4044 at any time.  Its important to get started soon if you think you won't be able to continue to make payments or you have already stopped.

Shannon Thomas Realtor

Selling Indy Metro, LLC

E-Signatures on Contracts For your Convenience!

Cell: 317-681-4044

Shannon@SellingIndyMetro.com

www.SellingIndyMetro.com

Search for homes in Indianapolis Now!

Building Relationships Selling Homes!

Shannon M Thomas NAR Short Sales and Foreclosure Certification

Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales

   Cell: 317-681-4044  Preferred

web: Real Estate

e-mail:  Shannon@SellingIndyMetro.com

 

Comment balloon 1 commentShannon Thomas • March 29 2010 12:49PM
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