A short sale is a real estate transaction to purchase a home before a bank forecloses. This type of sale allows you to sell your home for less than the remaining balance on your mortgage.

If you are struggling to make your mortgage payment each month, a short sale may be a good option. A short sale can help you avoid the foreclosure process and the damage it can do to your credit score.

There are several benefits of short sale properties:

• Short sales prevent a foreclosure and the damage it can do to your credit report

• Short sale transactions help homeowners sell their homes below market value

• A short sale gets rid of a property that you can no longer afford

• A short sale package helps a homeowner move on from their current situation without being burdened by debt

A short sale works by selling your home for less than the remaining mortgage balance. The proceeds from the sale go to your lender to pay off the mortgage. You may be required to pay a deficiency judgment to your lender if the sale price is not enough to cover the balance of your mortgage loan.

Blue Diamond Realty can help you negotiate a short sale proposal with your lender, prove financial hardship, and get as much money the current housing market will support. We can help you get the best possible outcome for your situation.

Yes, Blue Diamond Realty can help you avoid a deficiency judgment on a short sale transaction. We will work with your lender to negotiate a short sale approval that minimizes or eliminates the possibility of a deficiency judgment.

A deficiency judgment is a legal order issued by a court requiring you to pay your mortgage lender the difference between the amount of money you received from the sale of your home and the balance remaining on your mortgage. A deficiency judgment can be very costly, and you may be required to pay it back over time.

By working with both the lender and homeowner, our real estate agents can help draft a financial hardship letter, suggest loan modification, compare bank statements, and find comparable properties in your local housing market. All of these methods can help a short sale request get approved, avoiding the foreclosure process.

A short sale can help you avoid foreclosure and the damage it can do to your credit score. It can also help you sell your home before the bank forecloses on it. If you struggle to make your mortgage payments and the market value of your house is less than your remaining mortgage debt, a short sale may be a good option.

Contact Blue Diamond Realty today for more information on short sales and to get started on the process. We can help you obtain the most satisfactory possible result for your issue.

We have a team of experienced real estate agents who can help you through the short sale process. We’ll work zwith your lender to get the best possible outcome for you. And our partnership with investors enables us to offer instant cash relief by buying a short sale.

It can be challenging to get your mortgage lender to agree to a short sale proposal when you’re upside down on your mortgage. That’s where Blue Diamond Realty can help. We have years of experience negotiating short sales with lenders. We know what it takes to get the best possible outcome for you.

If you’re in pre-foreclosure, don’t lose hope. Blue Diamond Realty can help you avoid a foreclosure with a mortgage short sale. A real estate agent will work with your lender to get the best possible outcome for you and offer instant cash relief to short sell your house. Contact us today!

A foreclosure is a legal process where your lender takes ownership of your home. If you stop making your mortgage payments and the house is sold at a foreclosure auction, this can happen. On the other hand, a short sale transaction is a real estate transaction in which you sell your home for less than the balance remaining on your mortgage. The proceeds from the sale go to your lender to pay off the mortgage. You may be required to pay a deficiency judgment to your lender if the sale price is not enough to cover the mortgage balance.

A short sale can help you avoid foreclosure and the damage it can do to your credit score. It can also help you sell your home before the bank forecloses on it. If you struggle to make your mortgage payments and the house is worth less than your mortgage balance, a short sale may be a good option.

For more information on short sales and to get started with the process, contact Blue Diamond Realty now. We can assist you in obtaining the best possible outcome for your circumstance. Get started today and a real estate agent will be in contact soon.