Hello everyone Matt Fetick here with Sold By Short Sale, Philadelphia’s leading short sale staff, thanks for taking a minute to check out my weblog today. My group and I specialise in short sales within the Philadelphia area and I blog each week to supply householders with worthwhile info on their options for avoiding foreclosure. If you have seen the value of your own home greatly diminished, or can no longer afford your mortgage, stop by my website or contact me directly to arrange a free consultation to discuss your options.

For my blog topic at present I wanted to discuss the number one reason why Philadelphia owners ought to short sale their distressed property. It is a very common question I receive when speaking with homeowners and it’s one thing everyone needs to know. While this may be a little stunning, for my part the number one reason to complete a short sale is clarity. While you complete a short sale you will know exactly where you stand with reference to your mortgage situation. In many other circumstances, akin to a deed in lieu of foreclosure, you might not have an agreement with your bank on what happens with any remaining debt owed. By way of a short sale you will know for certain once that house sells and your bank has approved the short sale that the terms won’t change. Through negotiating along with your bank we’re normally able to get any deficiency rights waived and the selling price accepted as payment in full. About ninety percent of the time my clients haven’t had to pay any of the remaining balance of their mortgage and people who have had been for specific reasons.

So if you’re contemplating a short sale take in to account the peace of mind it can present when your house sells. Thank you for your time at this time and feel free to give me a call with any questions you may have on the short sale process.

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.