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I need to get a short sale approved, what do I do?
Virginia foreclosure
This is an actual comment for a client:
”I would like to try to do a short sale on my home if my mortgage co would consider. I have owned this home less than a year and due to unforeseeable circumstances must relocate and can’t keep up the payments on this mortgage. Can you help? ”
A short sale will work if you find yourself in a situation where you owe more than what the home is worth. To get a short sale approved the house must be listed with the realtor for list three months and you must have a buyer. You can accept the contract contingent upon the mortgage company approving the short sale. If they approve the short sale you can walk away from the house owing nothing.
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