Are you behind on your mortgage payments? Do you think your only option is a foreclosure? Are you considering 'walking away' or a strategic default? Perhaps you are struggling with a loan modification? Is a short sale right for you? Millions and millions of homeowners are asking themselves the same questions. It is projected that over 20,000,000 homeowners will have negative equity in their homes by this time next year. In other words they will owe more on their homes than they are worth. Nearly 3 million homes have foreclosed in the last three years and the number is only expected to grow. Expect the effect of the real estate recession to ripple for years to come.
There is expected to be a massive tsunami of homeowners who are simply making the decision to sell their homes through a short sale vs. staying in a home and hoping that one day it may be worth what they paid.
No one is safe. News stories from across the country tell the tales of both celebrities and the average American who are all considering selling their homes through a short sale. The decision is no longer a morale one, rather it is what is the wisest financial decision you can make with the largest asset that you own. With roughly 40% of US homes under water with their mortgage, you won't be the only one wondering if a short sale is right for you!
Selling your home through a short sale need not be a shameful, life-ruining experience. Sometimes short selling your mortgage simply makes smart economic sense, especially for homeowners who find themselves "upside down" - that is, they owe more on their mortgage than their house is worth.
Fortunately, a new free e-book titled "Should I Short Sale My Home?" has been written to help you better understand your options and the methods that your neighbors are employing right now to sell their homes. Whether or not you choose the short sale route, wouldn't you feel better making an informed decision?
There is expected to be a massive tsunami of homeowners who are simply making the decision to sell their homes through a short sale vs. staying in a home and hoping that one day it may be worth what they paid.
No one is safe. News stories from across the country tell the tales of both celebrities and the average American who are all considering selling their homes through a short sale. The decision is no longer a morale one, rather it is what is the wisest financial decision you can make with the largest asset that you own. With roughly 40% of US homes under water with their mortgage, you won't be the only one wondering if a short sale is right for you!
Selling your home through a short sale need not be a shameful, life-ruining experience. Sometimes short selling your mortgage simply makes smart economic sense, especially for homeowners who find themselves "upside down" - that is, they owe more on their mortgage than their house is worth.
Fortunately, a new free e-book titled "Should I Short Sale My Home?" has been written to help you better understand your options and the methods that your neighbors are employing right now to sell their homes. Whether or not you choose the short sale route, wouldn't you feel better making an informed decision?
About the Author:
Joe Manausa, MBA is the top authority on short sales in Tallahassee and has helped hundreds of home owners who are stressing with a mortgage that exceeds the value of their homes. You can download the free e-Book "Should I Short Sale My Home" and discover what the lenders don't want you to know about the benefits of short selling your home.. This article, 40 Percent Of All US Home Owners Are Considering A Short Sale, Are You? is available for free reprint.
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