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Short Sale - Need Out From Under Your Mortgage?

If you are struggling to pay your mortgage payment, a Short Sale may be an option to consider. If you can prove that you're having "financial hardship" and are unable to make your payments, you may qualify for a Short Sale. Lenders prefer this over Foreclosure because in the end it saves them money.

The other major factor to consider is the fact that your credit may be affected for a much shorter time frame than if you allow your home to go into Foreclosure. Foreclosure can affect your credit for 10 years or so. If you go the Short Sale route, you could possibly qualify for a new loan in as little as two years. That is a major difference!

The Short Sale process used to be a nightmare for Realtor's and often took too long to close. However, due to the number of Foreclosures and Short Sales, the process has been streamlined quite a bit. There have even been cases where I've closed a Short Sale within 30 days.

If you would like to discuss this further, please contact me. Ace Realty deals with Foreclosures and Short Sales in the Myrtle Beach & Grand Strand Areas of SC. Currently, Ace Realty has never had a Short Sale not go through. If you are from a different location, I would be happy to refer you to a Short Sale Specialist in your location.