Short Sale Info

What About Short Sales?
Don't walk away from your home;
we may have a solution for you!


What is a Short Sale?
A short sale is a term used to describe a process in which a lender agrees to accept a lower payoff amount on a loan than what is owed.

What if the home's market value has dropped?
Comparable home sales must substantiate that the home is worth less than the unpaid balance due the lender. This unpaid balance may include a prepayment penalty.

What if the mortgage is in or near default status? It used to be that lenders would not consider a short sale if the payments were current. That is not always the case. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems before they start.

What if the seller has fallen on hard times?
The seller must submit a letter of hardship that explains why the seller can not pay the difference due upon sale, including why the seller has or will stop making the monthly payments.

Contact us today for a free, confidential consultation to discuss your situation and to see how we may be able to assist you.

(317) 353-2600 or jd@4indyomes.com

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

Two Locations to Serve You!
11478 Lantern Rd.
Fishers IN  46038
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910 N. Shadeland Ave.
Indianapolis, IN 46219
Phone: 317 353-2600
Email: jd@4indyhomes.com

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*Fee may vary based on your home's list price. Call for details. Any reference to a 6% commission is used for comparison purposes only. Commissions may be negotiable and are not established by law. Each office independently owned and operated. The information regarding specific properties herein is deemed to be accurate but not guaranteed. All information to be verified.