Short Sale vs. Foreclosure? What every person needs to know !

44 Glenrose Road, Dorchester Center MA

Description

Short Sale vs. Foreclosure? What every person needs to know in these unsettling times Short sale vs Foreclosure and what I need to know ! About this Event *** Due to Covid 19 this event will taking place virtually. We will send each registrant a link 24 hours prior to the live webinar*** The process of selling a distressed property is complicated, requires details and skills to complete a sales transaction. What every home owner needs to know in these unsettling times? A short sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. A short sale is an alternative to foreclosure and may be an option if you: -Are ineligible to refinance or modify your mortgage -Are facing a long-term hardship -Are behind on your mortgage payments and cannot catch up -Owe more on your home than it's worth -Haven't been able to sell your home at a price that covers what you still owe on your mortgage -Can no longer afford your home and are ready or need to leave Benefits of a short sale? -Possibility of eliminating your mortgage debt completely -Avoid the negative impact of foreclosure on your credit report -May be able to get a Fannie Mae mortgage to purchase a home sooner (in as little as 2 years) than if you went through foreclosure (up to 7 years) Event is hosted by Debbie Adamidis / Boston Real Estate Pros @ Keller Williams Boston Metro and Nicole Pinkos Esq. Associate Partner, Hornung & Scimone P https://fb.me/e/22cdDhPMS