- Ramona WilliamsLicense ID: 040045489
- +1(719) 244-2333 ramona@myspringshometeam.com
HOW IT WORKS
Meet With Springs Home Team
Schedule a meeting with Springs Home Team to go over all deatails, steps, and paperwork.
List Home For Sale
Under Contract
Once we go under contract on the home. Springs Home Team will start negotiating with Bank to under go a Short Sale.
Benefits of a Short Sale
1. Avoid Foreclosure
A short sale prevents the long-term damage of foreclosure on your credit report.
Foreclosures stay on your credit history for up to seven years, while a short sale has less impact.
2. Minimize Credit Score Damage
A foreclosure can drop your credit score by 200-300 points, while a short sale typically results in a smaller decline.
You may be eligible for a mortgage sooner after a short sale compared to foreclosure.
3. Financial Relief
Many lenders forgive the remaining balance after a short sale.
You may qualify for relocation assistance from some lenders.
4. Sell on Your Terms
You have control onthe sale process.
You can stay in the home until the sale is complete, giving you time to plan your next move.
5. Future Mortgage Eligibility
With a short sale, you can qualify for a new home loan in as little as 2 years (or sooner in some cases).
Foreclosure can delay homeownership for up to 7 years.
6. Less Social Stigma
A short sale looks like a traditional sale to neighbors, helping maintain privacy.
Avoid the stress and embarrassment of foreclosure.
You may qualify if you:
Owe more on your mortgage than the home’s current value.
Cannot afford your mortgage payments.
Have not qualified for a loan modification.
Will I still owe money after the short sale?
It depends on your lender. Some lenders forgive the remaining balance, while others may require a repayment plan.
The process can take anywhere from 3 to 6 months, depending on lender approval and market conditions.
Yes! Many buyers qualify for a new mortgage within 2 to 3 years after a short sale.
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Why Choose Us
Free & Instant Home Valuation
Estimate how much you can get by selling your home and keep track as the market changes.
Sell Before Risk of Foreclosure
During pre-foreclosure, you might also have the option to sell your home and pay back the money owed, in what is called a Short Sale.
Minimize Financial Damage
A short sale prevents the long-term damage of foreclosure on your credit report. With a short sale, you can qualify for a new home loan in as little as 2 years.
GET MORE INFORMATION
Broker Associate | License ID: 040045489
+1(719) 244-2333 | ramona@myspringshometeam.com