What is a Short Sale?

What is a Short Sale?

So quite simply, a short sale in real estate occurs when a property has NEGATIVE EQUITY, and usually for a short sale to be approved, a homeowner has to have a hardship. The most common hardships homeowners face, when in default, or facing foreclosure in Massachusetts are job loss, or loss of income, reduction of income, death of a borrower, separation, divorce, job change more than 50 miles from the subject property, or catastrophic event that occurs at the property.

Short sales are still very much a part of the current real estate market. Massachusetts saw a spike in order notices in October of 2019. The increase actually started in August, but a large spike occurred in October.

Although foreclosures are declining, in 2018 there were over 8,000 order of notices filed in Massachusetts. Even if 25% of those have negative equity, homeowners still need help with selling a short sale.

Short Sale Mitigation, LLC is here to assist in this process. We have been assisting homeowners since 2010.

For Realtors, Attorneys, Title companies, etc interested in our services please go to http://massachusettslossmitigation.com/

For homeowners needing assistance with avoiding foreclosure please go to http://shortsalemitigation.net/

500 West Cummings Park #2400
Woburn MA 01810
978-384-0032
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