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Home Selling in 73112 : Real Estate Advice

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Mon Dec 17, 2012
Julie Gentry answered:
If I understand your question, you don't have enough equity to sell the home, cover closing costs(including realtor fees), and cover the mortgage owed. Your relocation has created a financial hardship. As I don't know the reasons for the relocation, I can't tell you if that would qualify as a hardship with your lender.. Your lender covers all of the above fees and accepts an amount less than what you owe. Under certain short sale programs you may be eligible to receive relocation assistance up to $3000. That money is actually paid directly to you at closing. Those funds are primarily paid to you as long as this is your primary residence and you are still occupying the home. If you would like alittle more info you can visit my website on short sales or give me a call at (405)821-5863.The website is www.greaterokcshortsalespecialist.com. Hope that helps, Julie Gentry Prudential Alliance Realty ... more
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