A Short Sale is often the best option when a homeowner has an upside down mortgage, and that they can no longer afford to pay. With the help of Maryland Short Sale Company, we can help you through this process and save you from future credit limitations.
A Short Sale is an option, as opposed to foreclosure, that happens when a property owner owes more to the debt company than they can auction the property for in that particular market. Often these homeowners are facing a personal hardship that appears in the failure to pay the debt or associated costs that come with home ownership. The mortgage company grants a property owner, that is underwater, to sell for less than is owed. This is an alternative to the expensive legal proceedings of foreclosing on the home.