How to quickly determine if you need to do a Shortsale or Not?
If you are in foreclosure, how do you know if it’s a Shortsale?
The two things you’re going to need to determine if you can do a shortsale is the market value of your house and your mortgage balance. If the market value of your house is greater than the mortgage balance, then it’s going to be a regular sale. But if the market value of your house is less than the mortgage balance, then you can apply for a shortsale and submit your application for approval.
To find out more, sign up to watch the video that explains it in detail.
If you need assistance in applying for a shortsale, contact us at 201-897-2727. We will help you with the whole shortsale process (paperwork, negotiating with the bank, etc.).