Short Sales & Asset Sales
Whether you are a homeowner or not, chances are that you have heard the term “Short Sale” in regards to Real Estate. A “Short Sale” is an option that may be available to a homeowner who is “underwater” on his mortgage, which means the mortgage is more than the property is currently valued at, and is facing foreclosure. In a “Short Sale” the lender agrees to accept less than what is owed on the property to satisfy the mortgage. The primary benefit to the homeowner is the elimination of a large monthly mortgage payment and the opportunity to move on with his/her life.
While normally associated with a homeowner who has very little or no equity in his home, a “Short Sale” can also be seen as an “Asset Sale” by a homeowner who does have equity in the property. It allows the homeowner who may be worried about falling housing prices in the area where he or she lives to sell the home and satisfy the mortgage without losing the full amount of equity they have built over the years.
We want you to succeed at Universal Finance and to help you to do that we ask you to take the time to fill out and submit our Application Form. Using the details that you provide concerning your situation, we will offer you information about and access to client-focused and consumer-driven companies in the real estate industry that we have reviewed, appraised, and most closely match your criteria.
Also, keep in mind that there are other options available. So please visit our other pages; read the helpful information that is provided; and for those topics, products and services such as Refinancing, Loan Modification, Lender Litigation, and Bankruptcy Filings that may also fit your situation, fill out and submit the appropriate Application Form.
