What is a mortgage default? A mortgage is considered to be in default when one or more monthly payments have been missed.
What solutions are available if I am in default on my mortgage payments? You may qualify for a broad range of help. Some solutions are: Short Sale/Payoff Forbearance Agreement Loan Modification Deed in Lieu
What is a Short Sale/Payoff? Short Sales occur when borrowers sell their properties for amounts that are less than the amounts owed to the lender.
How do I qualify for assistance? Borrowers need to prove that they are experiencing a substantial financial hardship.
What is a Hardship? A hardship is a situation that has a life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term. Some examples are: Separation or Divorce Medical Bills Inability to work due to health reasons Death of Spouse Job Relocation Reduced Income or Unemployment Business Failure
How do I apply for assistance? Contact I Short Sale, Inc. and consult with us about the most suitable solution.
How do I qualify for a Short Sale? A borrower must prove that a hardship exists. The lender must be willing to accept the short sale proceeds as full settlement of the debt.
Can any Real Estate Agent assist me in selling my home in a short sale situation? Possibly, but usually you have only one shot to succeed in a short sale transaction, it is therefore highly recommended you work with a company experienced in short sale negotiations that can properly represent you and is specialized in this field.
How do I find a proper broker/agent? I Short Sale has a network of qualified Real Estate Agents nationwide that can be assigned to you for assistance. The agents work under the strict guidelines of I Short sale.
How can I Short Sale help me? Attached is a partial list of our services: Possibly will help you avoid foreclosure and eviction. Help you minimize credit damages. Counsel you through the process. Representing you and acting as the liaison between the lender and your Broker/Agent to ensure all parties work together toward a successful solution. Provide relief during a difficult time.
Hard economy forces families to leave their homes. Eli Tene from I Short Sale message: "You Don't Have to Loose Everything. You need to know your options". Mellisa McCarty from KCAL News reports.
I Short Sale, Inc. 1-877-907-4678 info@ishortsale.com Nationwide Short Sale and Loan Modification Services Woodland Hills, California. Los Angeles, California. Beverly Hills,
California. San Diego, California.
Miami, Florida.
Phoenix, Arizona. Las Vegas, Nevada.
The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. I SHORT SALE makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property. Clients are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. I SHORT SALE is providing a service in response to a complex situation and offers a recommended solution where possible. Nothing is represented as tax advise to our clients as every situation may result in different tax consequences. I SHORT SALE is not a law firm or an accounting firm and regarding any specific questions relative to any transaction, I SHORT SALE strongly encourages all parties, agents, and brokers involved in a transaction to seek such advice from a professional advisor. Legal Statement
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Short Sale/Payoff 