Well hello and welcome to Sold By Short Sale, I am Matt Fetick and we are Philadelphia’s leading short sale specialists. Thank you for joining me today as I share more information with Philadelphia area homeowners about their options for avoiding foreclosure. If you would like more information my website is home to over a hundred videos on the short sale process and the lenders we have worked with.

For our blog topic today I wanted to discuss homeowners who find themselves with too much debt. Through whatever circumstances a lot of homeowners have found themself in this situation of late and with little equity left in their home they become frustrated. If you find yourself in this position or feel as though it is a possibility in the future a short sale may be the best option for you. A short sale occurs when we sell your home and we negotiate with your bank to accept less than what is owed. We will put together a short sale file full of your financial information and the current value of your home. The most important part of your short sale is proving that you have a valid hardship for not being able to pay your mortgage. By presenting all of this information to your bank we can show that it is in there best interest to allow the home to sell for less than what is owed. If you have any questions please visit my website or contact me today to get started. If you are already behind on your mortgage time is not on your side and the sooner we talk the better our chances. Thank you for tuning in to Philadelphia’s leading short specialist and have a great day.