Fort Worth TX Short Sale Realtors - Stop Foreclosure Help

Publicado: miércoles, 16 de mayo de 2012, 12:31 AM

Fort Worth TX Short Sale Realtors

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- What is a short sale?
A Fort Worth short sale is a real estate transaction that takes place when a lender allows a borrower to sell their home for an amount that will not fully satisfy the loan on the property.

- Who qualifies for a short sale?
First of all, homeowners must owe more on their home than it is worth. Secondly, they must be able to prove to be suffering from a financial hardship such as job loss, divorce, relocation, decreased income, vacant rental property, medical expenses, death in the family, and others.

- How much does a short sale cost?
Short sales are FREE to struggling borrowers. The lender will pay all seller closing costs in the transaction. This includes Fort Worth short sale Realtor fees.

- Will a short sale hurt my credit?
The short sale transaction itself will likely lower your credit score by 30 to 70 points. Missed mortgage payments can lower a credit score by 30 or more points each. These decreases apply to a foreclosure as well. However, because the foreclosure process can take up to two years compared to an average of six months for a short sale, borrowers' credit is usually lowered more from a foreclosure. Also, it is much easier to recover from a short sale since it appears as a settled debt rather than "Foreclosure." In fact, sellers are eligible to qualify for a new home loan in as little as two years after a short sale.

- Do I need a Realtor to short sale my home?

Yes, and not just any Realtor, but a short sale specialist. Since short sale transactions tend to be much more complex than traditional sales, they require an agent with experience in the field. Your agent should also have experience in working with your lender.

www.FortWorthShortSale.com

877-737-4903

Short sale your Fort Worth real estate with expert Realtor help to stop foreclosure on your home. FREE short sale help to Fort Worth TX homeowners in financial hardship. Our short sale specialist Realtors work areas such as Arlington TX short sales as well as the rest of Texas.

• Ubicación: Fort Worth

• Identificación de la publicación: 13849764 clasificadosdallas

• Otros avisos de este usuario: Dallas Short Sale Realtor - Stop Mortgage Foreclosure FREE!

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