A short sale is a way to keep a home from going into foreclosure, but the process isn't always well understood. Sherwood Park homeowners considering a short sale will need to take into account everything from their credit score to their lender to the appraisal value of the home. Before getting started, here are a few facts that can help homeowners navigate the system.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Credit Scores and Short Sales
Selling a home through a short sale starts with understanding the consequences of the alternatives. If the homeowner is unable to catch up on their mortgage payments, they may only have a choice between…