Sometimes folks get in over their heads financially. It is not always “their fault.” The decision to short sale or not, should not include anything that resembles a blame game.
Facing a personal, financial or family hardship is life.
Nowhere is it written that there will never be challenges. Sometimes you (or your spouse) lose a job. Sometimes you face a job transfer or unemployment.
Sometimes there is a major illness, or even worse, a death in the family that claims the major bread winner. Sometimes there is a divorce.
And these hardships can cause the greatest pressure on what is likely one's largest obligation - the house payment.
When this happens it may be time to downsize or move into a rental situation that is more affordable.
Letting all the other bills go while trying to pay an unaffordable mortgage can create havoc and is not the right direction. Sometimes, a short sale is a consideration.
The key to a successful short sale is
when you realize you are not going to be able to make ends meet, act quickly."
In Brevard County, Florida, if a short sale is consideration – call me at 321-693-3850 or email me. The first thing I will advise – talk with your lender as a loan modification may be a consideration.!
Gary L. Waters PLLC, Realtor, Century 21 Baytree Realty, Rockledge, Florida, serving buyers and sellers along Brevard County's Space Coast.