Many homeowners are now faced with the fact that their mortgage has become unaffordable.  Whether it's because of the adjustment of an option arm, unemployment or some other circumstance that has affected cash flow, a short sale may be a viable alternative to an inevitable foreclosure with eventual eviction.

In addition to helping a homeowner avoid foreclosure it can help the homeowner save their credit history.  While any late payments are reported to the credit bureau the homeowner will not have a foreclosure reported if the property was not foreclosed.  The transaction may be reported as "settled for less" and the damage to a credit score is less than if a foreclosure was reported.  In addition, the homeowner may be eligible to purchase a property again in as little as two years if credit has been re-established. Lastly, a foreclosure on a credit report may affect the ability to obtain employment or security clearance.

Fore a FREE evaluation of your current situation, please click here to complete our evaluation form.  An experienced, licensed professional will contact you to review your options.  You may also give us a call at 800-546-2289.