Short Sale to Avoid Foreclosure:

If you are facing difficult times and are behind on mortgage payments or if your lender has contacted you in regards to foreclosing on your home, there are several options, including a short sale. Columbus has one of the highest foreclosure rates in the nation, so don’t feel like you’re alone. A short sale may be the best way to keep your credit intact (or from getting worse) for future purchases and can usually help you exit from a property without having to pay anything. Typically, a short sale is conducted to prevent a bank from having to foreclose on a home. Although the lender may ultimately collect less than the amount owed on the mortgage, they will save money by not having to pay attorney’s fees, go through an eviction process, make repairs to the home so it is marketable, or have the expense of keeping real estate in inventory. Short sales can be very tricky and time consuming and need to be negotiated with the lender. The Anders Team specializes in marketing property where a short sale may be a Seller’s last option before the home is foreclosed on. If you are behind on mortgage payments, have been contacted by your lender about foreclosure, or are considering selling your home to avoid foreclosure, call The Anders Team about negotiating a short sale for you. We negotiate short sales on behalf of our clients and can usually find a purchaser for your home very quickly. The key to a successful short sale is to call The Anders Team as soon as possible.