Colorado Springs Short Sale Realtors - FREE Stop Foreclosure Services in Colorado Springs, Colorado For Sale

 
 
Colorado Springs CO Short Sale Realtors
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If you are struggling to afford your mortgage, you are not alone. Many Americans are facing foreclosure as they become further and further behind on mortgage payments. We have good news, there is an alternative!
A Colorado Springs short sale takes place when a lender allows a borrower to sell their home for an amount less than the loan's remaining balance in an attempt to avoid a costly foreclosure proceeding. Borrowers must first qualify for the short sale by proving to their lender that they can no longer afford the property because of a financial hardship such as loss of income, divorce, relocation, vacant rental property, or medical expenses.   
Colorado Springs Short Sale Help
The first step in the short sale process is to find an experienced Colorado Springs short sale Realtor to list and market your property. Make sure your agent has worked many short sales in the past and has experience in working with your bank. This will prove very beneficial throughout the process. Part of your short sale specialist's job will be communicating well with your bank in order to achieve complete forgiveness from the deficiency amount. If successful, you will be forgiven of the loan amount that remains after the home is sold. The best part is, the entire process if FREE! Your lender will pay all of your closing costs and Realtor's fees since you are experiencing financial trouble. 
A few short sale facts:
- The average time length of a short sale is six months. Some ideal cases can close in as little as two months while on the other hand some can take over a year.
- The Colorado short sale transaction itself can lower your credit score anywhere from 30 to 70 points. Missed mortgage payments generally cause the most damage to one's credit and can cause a 30 point decrease each. For this reason, it's important to begin the short sale process as quickly as possible.
- Even if your bank has already begun the foreclosure process, you can still short sale. In fact, your lender will likely prefer that you short sale the property and may push the auction date back in order to allow you some more time. 
 
www.ColoradoSpringsShortSale.com
877-737-xxxx
 
Short sale your Colorado Springs real estate with expert Realtor help to stop foreclosure on your home. FREE short sale help to Colorado Springs homeowners in financial hardship. Our short sale specialist Realtors work areas such as Castle Rock CO short sales as well as the rest of Colorado.