Avoid foreclosure with a short sale in Springfield, Republic, Clever and Billings, Missouri
By Rita Hodges, CRS, GRI - Seller & Buyer Consultant
Avoid foreclosure with a short sale in Springfield, Republic, Clever and Billings, Missouri. If you bought or "cash out" refinanced your home at the top of the Springfield market you probably owe more than the value of your property. If making the payments is getting more difficult or you have already fallen behind, what can you do? Don't despair! There may be a way out of your dilemma. You may qualify for a short sale. DO YOU QUALIFY FOR A SHORT SALE? You must prove to your lender one the following situations exist: Your monthly expenses exceed your monthly income; You are experiencing a financial hardship; You are about to experience a loss or become insolvent. WHAT WILL MY LENDER ACCEPT AS A FINANCIAL HARDSHIP? You must be able to verify one of the following hardships exis...
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