Are you a Good Short Sale Candidate?

q     Can the house be sold for enough to pay off what you owe on it, pay a Realtor commission, closing costs, taxes, and other costs of sale?

q     Do you have the means to solve the situation on your own?  Do you have money sitting in a bank account or equity in another property that you can use to catch up or pay off your mortgage(s)?

q     Has your temporary hardship been resolved?

q     Do you intend to stay in the house (even when you know you will have to move if the house forecloses)?

YELLOW LIGHT!  If you answered yes to any of the above, you may not be a good Short Sale candidate, and you should pursue other options.  However, we may have another solution for you!  Give us a call at (502) 639-9628 and let's talk.  Otherwise, continue with your analysis…

q     Are you willing to be cooperative, and to move out of the house (after it is sold, don't need to move right away)?

q     Have you attempted a loan modification or forbearance and were not successful?

q     Is any foreclosure sale more than 30 days away? 

q     Is the house over-leveraged?

q     Does the house have more than one mortgage on it?

q     Is the house really ugly?

q     Is the house unconventional/obsolete (i.e. Dome-style, Earth home, walk through bedroom, etc.  Does it differ from the norm in a way that would make it difficult to sell?)?

q     Is the house a victim of its surroundings (i.e., located on a busy highway, next door to a cemetery, crime scene, etc.)?

q     If the house is “pretty”, do you think it would sell in 60 days or less if you dropped the listing price by 10% - 20%?

GREEN LIGHT!  If you answered yes to any of the above, this may be a Short Sale we can work with.  Submit your Info for a Short Sale and let’s get going!