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Toni Sadiq-Lexton's Blog

By Toni Sadiq-Lexton(856)343-8034 | Broker in Sicklerville, NJ

So What is a Short Sale?

So what is a short sale, I'm glad you asked. A short sale is when a homeowner asks their mortgage lender(s) to allow them to sale their home for less than what they owe on it. Below are a few reasons one would request a short sale:
  • Job Loss (reduction in income)
  • Forced Relocation
  • Long Commute
Most banks won't consider allowing a short sale if you are a current on your mortgage. If you've ever tried to modify your current mortgage, the paperwork for a short sale is pretty much the same.

Feeling overwhelmed, a little under water? Navigating the short sale process can be tricky and time consuming, but offers homeowners a way to start anew. Don't fear, your specialist is here. LOL

Toni Sadiq-Lexton - Realtor
Short Sales and Foreclosure Resource
Century 21 Rivera Realty

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