How can Rhode Island Short Sale Agents help your family?
Although it has been years since our housing market crashed, homeowners across the nation are still trying to repair their financial state. Many people feel that their home has lost its equity or value. With foreclosure looming near, most families decide to ride out the roller coaster instead of looking for other options. But there are other options available. Short sales will help you move on with your life without completely wrecking your credit. In addition, short sales will:
- Allow you to gracefully bow out of your home, without the embarrassment of foreclosure
- Cancel out future mortgage payments and taxes, thanks to the Mortgage Debt Relief Act
- Give you the chance to purchase another home in as little as 12 months (in most cases)
So what, exactly, is a short sale? Say you’ve recently had your home appraised. If your home’s value is appraised at less than what your mortgage is currently worth, this is an “upside down” situation. Normally, if you were to sell your home for its appraised worth, you would still be held responsible for the rest of the loan. However, if you are represented by Rhode Island Short Sale Agents, your specialist will negotiate with your bank for you. Most cases will allow you to sell your home for its current worth, and erase any leftover debt associated with the property.
It is an unfortunate and distressing ordeal when your dream home becomes a nightmare. If you feel a short sale would provide a reprieve for you or a loved one, please reach out to one of our specialists today. Rhode Island Short Sale Agents would be happy to educate you further, and stand by your side throughout the selling process.
Contact Joy And Her Team Of Professionals Today!
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