What is a short sale ?

A short sale is when a mortgage lender
allows an owner to sell their property for less
than what is owed on the mortgage. Owners
who typically initiate a short sale are usually
under financial stress and the market value
of their home must have declined, relative to
the owed amount.

Benefits of a short sale: 

• Minimizes the damage on your credit 
• Limits financial liability 
• Less damaging than a foreclosure 
• No out of pocket expense 
• Can possibly qualify for moving incentive 

Do you Qualify? 

Anyone qualifies for a short sale as long as you owe more on your mortgage than the total value of your home.