Qualifying for a Short Sale

Qualifying for a short sale – Do you need to qualify for a Colorado Short Sale?                                      

Accredited Harris Real Estate Colorado Short Sale Agents

This is a question that is in flux at this point in time, since the whole short sale process required by Lenders is undergoing “changes”.

The Typical response for qualifying for a short sale is:

Lenders who get requests for Colorado area short sales base their approval on the evaluation of your financial circumstances.
In addition to owing more on your home than you can sell or refinance it for, lenders are positively inclined to give homeowners approval for a short sale on the basis of  the actual hardship plus compensating criteria:

*Loss of borrower or co-borrower employment
*Loss of hours worked so income is reduced
*Medical crisis
*Sub prime, adjustable rate loans or interest only loans

Now the landscape of the short sale market is fluctuating dramatically. With our licensed, Accredited Harris Real Estate University Colorado Short Sale Agents, receiving up to the minute changes as they happen, we can keep you informed thru out the Colorado Short Sale process so you can receive every benefit possible.

See what is happening in California, for instance, in regard to seller deficiencies:

Qualifying for a short sale is changing daily. Stay up to date on your choices.

Call today for a free, no obligation, confidential consultation if you need to talk about qualifying for a short sale.