Can I do a Short Sale In Colorado Springs without missing a payment? in Colorado Springs, Colorado For Sale
Generally, the answer to this question is yes! Mortgage lenders want to work with borrowers whose payment records are current and are working towards a short sale. In recent years, an increasing number of homeowners who are up to date with their mortgage payments have had to sell there home. A short Sale, in many of these cases, was the Only alternative to bringing money to closing. The majority of these cases are approved by lenders.
There are circumstances for a Short Sale that the banks will look for. 1) Financial hardship. Either currently happening or is impending and is going to happen
2) Illness, Disability, Death of a borrower
3) Divorce (usually will cause an impending financial burden)
4) Moving for work. Or Moving to look for work. (usually more than 50 miles away) 5) Loss of job or income
6) Business failure
7) PCS or military move
If you are facing any of these, or something similar, then you have a very good chance of a Colorado Springs Short Sale even if you are current on your mortgage. In Colorado Springs, Short Sales are a better alternative to mortgage lenders. Their losses are kept to a minimum. What ever your current circumstance is, make sure you speak with a Realtor that is knowledgeable about Short Sales In Colorado Springs. FREE REPORTS ON SHORT SALES