Short Sale Information

A short sale is when the lender agrees to accept a lower payoff amount on a mortgage than is currently owed.

The outstanding loans and liens against a property, after closing costs are paid, are greater than the proceeds from the sale of a home.

There needs to be “financial hardship.”

For example: loss of employment or income, major illness and medical expenses and/or job transfer.

A short sale is for those who “have” to sell! You will need to prove your inability to pay.

The Allen Team Can Help!

Call us for more information at 770-874-5337.