There are thousands of homeowners who owe the bank more on their mortgage than their home is worth. Qualified individuals, who can’t make their payments any longer and who want to avoid foreclosure, may want to consider a short sale.

A short sale, also known as a pre-foreclosure sale is when your mortgage lender is willing to accept less for the sale of your home than you owe on it. A short sale can be a viable option for those who simply don’t want to “walk away” from their home.

It’s never easy when you’re in this situation, and we know it can be very difficult. It’s important to have someone on your side who specializes in short sales and who can assist you in this delicate process.

When Should You Consider a Short Sale?

Short Sale Advantages

At the Shirvan Group we will guide you and help you to make the best decision in retaining or selling your home.

A few of the advantages to a short sale are:

• When you work with your lender on a short sale it will appear as a settled transaction on your credit report, which is less damaging to your credit.
• With lending guidelines, you’re usually allowed to purchase a new home just six months after the short sale as opposed to the three year minimum wait after a foreclosure.

Did You Know?

Many of our clients come to us for information about short sales when they are unable to keep up with their current mortgage payments. At the Shirvan Group, we help our clients to make informed decisions.

Why would a lender would allow a short sale instead of a foreclosure?

In today’s market, there are more homes than buyers and most lenders don’t want to go through the costly process of foreclosure, eviction, and the possibility the home won’t resale for a good price. Many times, it’s in the best interest of both parties to do a short sale.

Short sales are common, but they are not simple. The Shirvan Group is here to ensure this difficult time is as painless as we can make it. We understand the hardship that you and your family are experiencing, the attachment that comes with loving your home, and the emotions surrounding the possibility of losing it. We are is here to help you through this difficult time, so you can get out from under the hardship and move on.

Our Promise To You: We Won’t let You Down

Remember our promise and give the Shirvan Group a call today.

There are NO FEES to you. All fees are paid through the lender with no out of pocket costs.