Does A Home Owner Need To Be Behind On Their Payment To Qualify For A Short Sale?

Answer: NO

A short sale is a hardship, and needs to be demonstrated to the lender or servicing company as the only alternative to foreclosure. There are many situations where a home owner may not be behind on their payments but still may need to sell short. However, delinquent Sellers have much less to lose, as their credit is already damaged by "mortgage lates," and are in "arrears. The odds of getting a short sale approved increase the closer a home gets to foreclosure.

Every short sale situation is different. If you or your client is unsure if they may qualify for a short sale please call our office at 1-800-480-1917 or e-mail your clients situation to ZOOMLossMitigation@gmail.com.

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