Santa Barbara Homeowners: Avoid Foreclosure and Conduct A Short Sale Of Your Home

If you’re underwater on your home and foreclosure is imminent, consider a short sale before you let the bank take your house.   Filing for foreclosure not only destroys credit, but it carries with it a certain stigma that is somewhat shameful.  Many still feel that foreclosure is the only option if upside down on mortgage payments.  But conducting a short sale of your Santa Barbara home is not only an option, but a much better choice.

How do I conduct a short sale of my Santa Barbara house?  First, let’s go over exactly what a short sale is.  A short sale is an agreement between the lender and the borrower in which the lender agrees to accept a lesser amount than the total owed on the house.  Lenders will complete short sales for a few reasons.  For starters, they will no longer have to chase borrowers for payment.  Also, they will also avoid the costs and efforts of foreclosing on the property.  Some lenders might not consider a short sale as a viable option, but borrowers should definitely inquire before agreeing to foreclose.

I want to conduct a short sale of my Santa Barbara home! Well, the first thing you should do is contact for more information.  If you are in trouble of losing your Santa Barbara home, Housing Assist can help you immediately.  Call us right now!

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