Short sales reached their highest level in the first quarter of 2012 since 2009. A short sale is a property that sells for less than the balance owing on its mortgage. Short sales can be underwater homes, an apartment building or even vacant land. If there is a mortgage balance that is greater than the market value of the home, that property is a short sale.
The short sale transaction is a legal and much more beneficial alternative to short sale foreclosure or bankruptcy. Short sale helps lenders to be motivated to accept home short sale offers for a number of good reasons, and may be an alternative that will help you in the long run.
Short sale helps your lender too by helping them to avoid costly foreclosure proceedings, and avoids an even more costly process if the property becomes owned by the bank. If you are thinking of proceeding with the process, or need foreclosure help Texas has a ton of great options. Finding foreclosure help in Texas is not difficult if you know how to find it.
Ask for word of mouth references for foreclosure help Texas firms, or Google “foreclosure dallas tx” for a starting point.Interview several mortgage foreclosure help professionals and ask about the mortgage help centers’ experience in short sales, the number of short sale transactions they have handled, and their education and training in short sales.
Finding a qualified and experienced professional for home foreclosure help is the key to making this already difficult process go more smoothly. Be sure to conduct thorough interviews to find the best foreclosure help Texas has to offer.