Hi I’m Kevin Barman with SoldByShortSale.com; I am also the short sale listing manager with the Matt Fetick Real Estate Team in Philadelphia. We’re one of the best short sale businesses in the Philadelphia area, so I’d like to encourage you to contact us if you’re struggling with your mortgage and need more information on short selling your property.

What I wanted to talk to you about today was a recent question I had from a customer. The question was, “Am I able to still do a short sale if I have two home loans on my house?” The answer to this question is yes. Many of the mortgage companies are in first position on some home loans but in second position on others. At the beginning of the housing market crisis home loan companies were not working together, but have now realized the importance of working with each other and ensuring that short sales are approved. Ultimately if you have more than one loan on your property, we can get your short sale approved.

If you have any questions about that or about the short sale process, please contact me at 610.427.4420 or take a look at our website SoldByShortSale.com. I would also like to tell you about a great new tool on our website, the short sale calculator.

If you’re contemplating whether or not a short sale is best for you, the short sale calculator can help you determine how underwater your house is and when it will become an asset again. It is simple to use as well; all you need to do is enter in some of your basic property and home loan information and the calculator will instantly email you a report outlining your situation. If you would like help going through this report and determining if a short sale is best for you, we would be glad to help you with that as well.

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.