702-482-7739 - http://www.ShortSaleinNevada.com - Las Vegas Short Sale Specialist including Bank of America Short Sales in Nevada, Wachovia Short Sales, Chase, Wells Fargo Short Sales, YOU NAME IT!
You may be eligible to sell your home in a short sale, if:
you have a hardship, such as a job loss, divorce or medical emergency
you owe more than your house is worth
you’re unable to afford your current monthly mortgage payment
you’re unable to modify your current home loan
How will a short sale affect my credit?
A short sale generally takes less time to complete than a foreclosure, so your reported delinquency could be shorter than it would with a foreclosure. As a result, your credit will likely improve faster than it would if your house goes to foreclosure.
While we work with you to complete a short sale, we will continue to report the status of your account to the major credit reporting agencies. If a short sale is completed on your property, we will report that your loan was "paid in full for less than the full balance."
You should only consider a short sale after you've explored all other options, including modifying your loan. Please visit our Loan Assistance Solutions page for a complete list of options you may want to consider.
Will I get any money back from the sale of my home?
Because a short sale would allow you to sell your home for less than the loan, you would not receive any money back at the time of the closing.
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