Don’t let your home go to foreclosure/Sheriff’s Sale and have your mortgage company freeze your assets when they come after you for the deficiency balance!  It can happen!

There are many  ways to lose your home but having the Sheriff show up at your door is the  hardest. Then to have your mortgage company then come after you for the deficiency judgment by freezing your assets/bank account makes life even more challenging.  For owners who can’t afford to keep mortgage payments current any  longer or are behind already on their mortgage, there are alternatives to  bankruptcy or foreclosure.One of those options is called a “short sale.” More than half of our listing inventory are Short Sales and Foreclosures.

When lenders  agree to do a short sale property on your home, it means the lender is accepting  less than the total amount that is owing.  It is at your  lender/s discretion whether they accept to approve your home for an  Noblesville IN Short Sale listing, but it is worth a try!

If you are  considering buying or selling Noblesville Short Sales, there could be  drawbacks. For your protection, we suggest that all borrowers:

• Obtain legal  advice from a real estate lawyer with strong Short Sale knowledge
• Call a CPA for  tax ramifications.

We are not CPA’s  or attorneys, so we can’t advise you on these consequences.  Lenders have varying steps for Short Sales, but these are typical for the Short Sale  Process:

• Call Your  Lender
  Let your  lender know you are working with an experienced Short Sale Agent that has listed  your home and that you need their Short Sale package if they require their own  packet.

• We Will Submit  Your Letter of Authorization
  Once you  contact us to list your home as an Indianapolis Short Sale, this is one of the  first steps that we take.
• Hardship  Letter
  Give all  details that are critical to your situation: tax increases, divorce, separation,  medical costs, job loss, etc. We have example Hardship Letters if  you need them.

• Proof of Income  and Assets
  You will  need truthful and honest about your financial situation and disclose assets and  all liabilities. Your lender might require their Financial  Worksheet be filled out, and if not, we have a copy that you can  utilize.

• Copies of Bank  Statements
  Your lender  generally needs your last two most recent months bank statements, and large  deposits or withdrawals will possibly be questioned by your  lender/s.

We have closed numerous Short  Sales: Indianapolis IN Short Sale, Greenwood IN Short Sales,  Avon IN Short  Sales, Mooresville IN Short Sales, Carmel IN  Short Sales, Westfield IN Shortsales.  Check more properties at no obligation: www.SmithFitzgeraldTeam.com

If you are behind on your payments and are not sure  what to do, contact Heather Fitzgerald Today!  We find solutions for you!    317-371-2622