Do I qualify for a short sale?
The qualifications for a short sale include any or all of the following:
1.Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
2.Monthly Income Shortfall – “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
3.Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment