QUESTION OF THE DAY:
Whats required for the bank to approve a short sale?
TAWANA'S ANSWER:
In order to agree to a short-sale, banks need to see your financial hardship. Hardships include changes in your employment situation, medical expenses, changes in loan terms that make the loan no longer affordable, or any other situation which makes it impossible to continue paying the mortgage.
The key to this is a financial hardship letter. A hardship letter is a written explanation as to what "event" has caused you to fall behind on your mortgage. If a bank feels they can continue to squeeze you and you can keep paying your mortgage, then they have less incentive to agree to some form of loan forgiveness.
I can help you put a hardship letter together, along with the other necessary materials to start the short-sale process. Give me a call. It's a lot easier than you think, especially with me in your corner.
Submit your questions here: www.realtortawanabourne.com
Feel free to call, text or email me, ANYTIME!
Tawana Bourne, Your Enthusiastic REALTOR 💖 💖 💖
Berkshire Hathaway HomeServices
RealtorTawanaBourne@gmail.com I 860-834-1220
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): www.bhhsne.findbuyers.com/tawanabourne
Stay Connected With Me on Social Media:
www.facebook.com/realtortawana
www.twitter.com/realtortawana
www.linkedin.com/in/realtortawanabourne
www.instagram.com/1realtor_tawana.bourne
www.realtortawanabourneblog.wordpress.com
Whats required for the bank to approve a short sale?
TAWANA'S ANSWER:
In order to agree to a short-sale, banks need to see your financial hardship. Hardships include changes in your employment situation, medical expenses, changes in loan terms that make the loan no longer affordable, or any other situation which makes it impossible to continue paying the mortgage.
The key to this is a financial hardship letter. A hardship letter is a written explanation as to what "event" has caused you to fall behind on your mortgage. If a bank feels they can continue to squeeze you and you can keep paying your mortgage, then they have less incentive to agree to some form of loan forgiveness.
I can help you put a hardship letter together, along with the other necessary materials to start the short-sale process. Give me a call. It's a lot easier than you think, especially with me in your corner.
Submit your questions here: www.realtortawanabourne.com
Feel free to call, text or email me, ANYTIME!
Tawana Bourne, Your Enthusiastic REALTOR 💖 💖 💖
Berkshire Hathaway HomeServices
RealtorTawanaBourne@gmail.com I 860-834-1220
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): www.bhhsne.findbuyers.com/tawanabourne
Stay Connected With Me on Social Media:
www.facebook.com/realtortawana
www.twitter.com/realtortawana
www.linkedin.com/in/realtortawanabourne
www.instagram.com/1realtor_tawana.bourne
www.realtortawanabourneblog.wordpress.com
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