Are you struggling with payments on your mortgage? You have not been making payments on your mortgage regularly, and now you are faced with foreclosure proceedings, but you know that selling your home will not be enough to pay off your existing mortgage. This is the moment for you to take into a consideration selling your home on a short sale.
What is a short sale?
A short sale appears to be an alternative solution to the foreclosure. It occurs when an owner of the property is faced with the situation in which the value of his/her home has fallen and cannot be sold on the open market for the amount owed to the mortgage company.
What can a borrower do in such situation and why short sale proves to be a good option?
In such cases, the borrower can hire a short sale specialist who will work out a deal with the lender according to which the lender will accept the amount of money for which the home can be sold to the third person although this amount is usually smaller than the amount owed by the borrower. If this occurs, the lender will get the proceeds and discharge the rest of the debt.
The short sale is usually negotiated with the lender in advance and it is called like that because the proceeds of the sale often come up short although it may take some time since you have to prepare everything with a short sale specialist, to find a buyer, get approval from the bank, close the transaction, etc.
All this can be very stressful but it also has its benefits like the additional months given to you to live in your home without having to make your mortgage payment, and you can use this period to think about your financial situation and make a plan how to stay out of financial troubles in the future. There are also many other things, but to be able to conduct the process of the short sale properly and without problems, you will have to hire a company with excellent short sale specialists in their team. There are many such companies, but if you want to hire the best short sale expert then contact Maryland Short Sale Company, LLC.
What makes this company the best choice?
Once you contact them, you will see why they are the best. Not only your knowledge and understanding the short sale process from the agents at Maryland Short Sale Company LLC will be better than before, but you will also be comforted with the notion that they offer various solutions for short selling your home that will make you free from your obligations and mortgage problems. Their great specialists possess all the knowledge, skills and experience necessary for this kind of job which makes them able to deal even with the most challenging short sale processes and conduct them correctly and quickly. Free yourself from obligations, contact Maryland Short Sale Company and get help now.