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654 State Rd., Suite A1
Dartmouth, MA 02747
At Neves & Cashman Realty, we specialize in Short Sales and can help both buyers and sellers through a quicker Short Sale process. You can learn more about Short Sales from our FAQ links above, or contact a real estate agent by completing the form to the right.
1. How to Qualify for a Short Sale?
2. What is a Short Sale and what are the Consequences?
3. What is the Process of a Short Sale?
There are Three Must Have Qualifications for a Short Sale...
A lender will want to see that you are experiencing a “financial hardship”. A financial hardship is, A material change in-between the day the mortgage was signed and today that has affected the borrower’s ability to pay. Financial hardships can be issues such as:
Your lender will want to see that you cannot afford to pay your mortgage. A financial worksheet is essential.
The equation is: Total Monthly Income – Total Monthly Expense = Monthly Shortfall
Even if you are not currently experiencing a monthly short fall, you may qualify for a short sale if you will have a short fall soon due to a payment increase or pending layoff.
In order to qualify for a short sale, you cannot have the means to pay down the mortgage. The lender will want to see that you owe more than you have in cash (known as being insolvent). You do not have to be completely broke.
a. Cancellation of Debt Tax Liability
b. Deficiency Judgment
c. Other Issues
January 1, 2007 to January 1, 2012
A CDPE or Certified Distressed Property Expert, is one of over 10,000 agents nationwide who negotiate hundreds of short sales weekly. A CDPE member under goes an extensive two day training course, has access to a support system and a complete system to give you the best chance at successfully avoiding foreclosure.
Here at Weichert Realtors – Neves & Cashman Realty a team of agents is ready to serve you with all your real estate needs including short sales.
For a confidential analysis of your needs please call Marie Cashman at 508-990-7775 or complete and submit the form to the right of the page.