When we refer to a house being underwater, we are referring to the fact that your house is currently worth less on the market than what you owe on your mortgage. If you need to sell your home because you are struggling financially, your family has outgrown your home, or relocation is imminent, you probably can do a short sale.
A short sale occurs when you sell your house for less than what you owe on it. In this scenario the mortgagee agrees to accept less than what you owe them.
You’re likely unsure whether a short sale is right for you. You’ve probably heard both negative and positive remarks about selling your house under these circumstances. The Columbus Team can help answer any questions, alleviate any fears and help you decide whether a short sale is best for you.
Submit your email information below and we’ll send you additional information. We’ll also include a form you can send us if you want to discuss the process further with us and/or list your home. We have experienced mediators working with us who will negotiate with the bank on your behalf. We have many successful short sale transactions under our belts as a result.
12 Short Sale Steps to Selling Your Underwater House
- Fill out the form below
- Read the information
- Fill out the form in the packet
- Email/Mail/Fax the form to us
- Book an Appointment
- Paperwork for the Lender
- List Your House
- Receive an Offer
- Negotiate with Bank
- Close the Sale