Get a Short Sale Negotiator

If you’re facing foreclosure on your home a short sale may be a viable option.  A short sale is when the bank allows you to sell the house for less than the current mortgage.  You have similar liability with a short sale and foreclosure but will not have to wait as long to get back on your feet with a short sale.  Typically a short sale will reduce your credit score about one hundred points and it will take about eighteen months before you can get another loan.  In the case of foreclosure, your score will typically decline two hundred to three hundred points leaving you with a two to three year wait before anyone will give you a loan again.

You can attain short sale negotiator and use their expertise to help reduce your liability.  The short sale fee, commission and other closing fees can be added onto the HUD and paid by the bank at closing. You don’t usually need to come up with a penny as long as you an prove a hardship.

A Purchase & Sales Agreement has to be accepted by the bank and will take approximately four to six months to close but it’s worth the wait. If a short sale can save you the extra year and half in waiting to get another loan it’s worth the time and hassle involved.

If you are looking to buy or sell a home in the Southern New Hampshire area give me a call or stop on by and we can discuss your options.

Virginia Kazlouskas (Gregory), REALTOR®

Harmony Real Estate, Inc.
2 Winnhaven Drive
Hudson, NH 03051
(Office) 603-883-8840 X12
(Cell) 603-620-3428

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