Do I Qualify for a West Sacramento Short Sale?

Today let’s talk about what is needed to qualify for a West Sacramento Short Sale.

  

   

When West Sacramento Short Sales first hit the market again in 2006 until about 2008, a written verifiable hardship was mandatory for the lender to even consider a West Sacramento Short Sale. A hardship was defined as job loss, divorce, sickness in the family, income reduction or curtailment, job transfer or other life changing events. My how things have changed. Now while there are still some servicers and investors that require a verifiable hardship, more and more the fact that your current property is now worth half what you owe is many times considered the hardship. With the exception of Freddie Mac, many times you do not need to even miss a payment to qualify for the West Sacramento Short Sale.

Now I am not advocating walking away from your mortgage if you truly can afford it. That is a personal decision only you can make and then only if you are willing to face the foreclosure if the lender does not approve your West Sacramento Short Sale.

The bottom line is, for the banks, serviers and investors it is all about the money – always has been, always will be. For them the decision is about where they will lose the least amount of money - West Sacramento Short Sale or Foreclosure. If it is Short Sale, they will take the Short Sale. If Foreclosure, they will take the foreclosure pure and simple.

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did