Why You Should Consider a Short Sale Instead of A Foreclosure https://longislandshortsaleagents.com/%F0%9F%8F%A0why-you-should-consider-a-short-sale-instead-of-a-foreclosure/ Avoid foreclosure and walk away with a fresh start! Visit this link for more details.

1. Why You Should Consider a Short Sale
Instead of A Foreclosure

2. Are you unable to meet your monthly mortgage payments?
Got denied on loan modification? Home’s value dropped?

3. It's natural to feel overwhelmed and frustrated in this kind of
situation, but you don’t have to walk away from your home.

4. You still have options and one of them is a short sale.

5. A short sale is a process of selling your house for less than the
amount you owe the mortgage company.

6. Here are several reasons why you should choose a Long
Island NY short sale over a foreclosure.

7. 1. A short sale causes less credit damage. Although a short sale
will also appear on your credit report, the damage to your credit
rating is typically less.

8. In addition, the waiting period before you can qualify for a
Fannie Mae or Freddie Mac loan is much shorter.

9. You will be eligible, under Fannie Mae guidelines, to buy another
home in 2 years instead of 5 to 7 years when you go through
foreclosure.

10. 2. A short sale can save you from the social stigma of a
foreclosure. One of the most painful parts of the foreclosure process
for many families is the social stigma involved.

11. A foreclosure is public information. Everyone will know you
aren’t able to make your mortgage payments.

12. A short sale can help to reduce some of this embarrassment for
some homeowners. A short sale looks like any other real estate
transaction. No sheriff will come to evict you.

13. 3. After a short sale, you can have a new beginning. Just imagine
the relief you’ll get once you get out of an unaffordable mortgage. You
can let go of that stress and move forward with the rest of your life.

14. If you are a homeowner struggling with your mortgage, the sooner
you make a decision to short sale, the better off you will be!