I am behind on payments and am thinking about a short sale but how do I qualify for one. How long does it take, I don’t have a place to move to yet.
Thanks,
Carol H.
Answer: If your behind on your payments due to financial reasons, you will be able to Short Sale your home. A Short Sale is accepted by lenders when the home becomes unafordable for the owners. Once you have chosen a real estate agent and your house is listed the process usually takes anywhere from 60 to 120 days total. Thats from listing to close of escrow. You will be able to stay in the home while it’s being sold. We advise our clients to save as much money as they can during the Short Sale and be ready to move once the home goes into escrow.
