Short Sale of Your Home & Mortgage Options

Colorado Home Mortgage Specialist For
Denver, Boulder, Colorado Springs, Vail and Mountain Communities

Short Sale of Your Home
Denver, Colorado

What is a Short Sale of your Home?

In recent years, the popularity of the short sale has increased due to rising mortgage defaults and foreclosures along with declining home values. Many homeowners are finding that they owe more on their mortgage than the current value of their home (upside down on their mortgage). A short sale of your home is a process by which you sell your home for less money than you owe on the mortgage. Although still not a common way to avoid foreclosure, the short sale can work if the mortgage company is willing and your buyer is committed.

Upside down on your home loan and would like to sell your sell home to avoid foreclosure and/or looking to purchase a new home that you can afford? If your bank or mortgage lender agrees to a short sale, your real estate agent will then find a buyer for the house and sell the house for less than the current amount owed upon approval and blessing of the lender and at the negotiated terms with the lender.

For more information about selling your home for a short sell and qualifying for a new home loan mortgage, contact Front Range Mortgage in Denver CO to discuss your individual situation with our real estate attorney and mortgage specialists.

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