Hello everyone my name is Kevin Barmann with Sold By Short Sale and the Matt Fetick Real Estate Team, Philadelphia’s leading short sale specialist, thanks for joining me today. I work with Keller Williams Realty in the Philadelphia area and use this blog to share beneficial short sale info with distressed property owners on their choices for avoiding foreclosure. If you’re uncertain of the options for your underwater mortgage take a minute to browse my website or call me right now to learn more about your options.

For my blog at this time I needed to talk with Philadelphia householders about whether it is required to be behind on your mortgage with the intention to complete a short sale. It is a question I get asked a lot and it is very important know that it actually all depends upon your lender and your hardship. While there are some lenders that require a house owner to be deliquent on their mortgage to short sale I have had success with many clients who weren’t yet missing payments. When you have an impending hardship, akin to a loss of wages or divorce, chances are your financial institution will consider this a legitimate hardship as a way to approve your short sale file. As short sales become more common banks in Philadelphia have been willing to work with owners who’re struggling or will no longer be capable of pay their mortgage.

If you find yourself in a scenario where paying your mortgage every month is difficult give me a call to discuss your entire real estate solutions. On my web site you can too find an incredible new tool referred to as the Short Or Stay Calculator that may help you resolve if a short sale is in your finest interest. Thanks for your time right this moment and I hope to hear from you soon at Philadelphia’s leading short sale group and Keller Williams Realty.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.