Trident Title LLC

Chances are, you or someone you know is facing the possibility of foreclosure. Today, 1 out of every 7 homeowners in America has a mortgage that is underwater.
These are turbulent times. Now more than ever, it’s important you know all your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged. A short sale can be an excellent solution for homeowners to avoid foreclosure, allowing you to sell your home for less than what is owed on the mortgage. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes and the foreclosure debacle, banks and lenders have become much more flexible when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved. There is more good news for underwater home owners. The nations’ largest mortgage lenders are now offering relocation assistance programs to qualified home owners. Allowing you to exit your home gracefully. Here is the definition of a short sale:

• A short sale occurs when an agreement is reached between you and your mortgage lender (or lenders) and you accept less than the full balance of the mortgage at closing. Thereby allowing the property to be ‘sold short’ of the total value of the mortgage.
• The lender will agree to allow you to sell your property for today’s fair market value usually for far less than you owe on the mortgage.

Short Sales Process:

For homeowners to qualify for a short sale, they must fall into the following circumstances:

• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
• Monthly Income Shortfall – In other words: “You may have more in monthly payments than money” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.

It is a complicated legal and financial process that takes the expertise of experienced professionals, and that is where we come in. Short Sale Innovation’s staff of experts and CDPE® designated professionals will navigate you through all the options and, when possible, assist in the quick execution of a short sale transaction. The experienced team at Short Sale Innovations are prepared to discuss the tough questions you need answered:

• What is a short sale?
• How do I stop foreclosure?
• How can I qualify for relocation money from my bank?
• How will a short sale impact my credit?
• What happens to the mortgage deficiency?
• Will I owe taxes of the forgiveness of debt?