Las Cruces Short Sales on the Rise
If you have been underwater on your mortgage and have been looking for a way to sell your home in Las Cruces, New Mexico, you have chosen a great time put a stop to pain and start afresh. Short sales are on the rise and this is the perfect time to put your finances back on track.
Short salesoffer you the opportunity to rid yourself of the wrong-way mortgage and negotiate with your lender to write off the difference between the sale price and what you owe. In the end, this often a much better option for your financial future.
It works like this: Lenders know that foreclosuresare often complicated and lengthy procedures. A short sale allows you to end your mortgage now and avoid costly legal battles and under the right circumstances, even bankruptcy.
Your home in Las Cruces, New Mexico will likely be quite desirable for buyers looking for a good buy. Buyers like short sales because they can get a valuable property at a significant discount, so everyone wins.
When should you make your move? Sooner rather than later!
If you have fallen behind on your payments, consider using the short sale option as a way of negotiating a way forward before legal action is taken. If your home is already headed toward foreclosure, you can still pursue a short sale option. Your real estate professional will help you determine your options.
Consulting with a qualified Las Cruces real estate professional will give you every advantage in crafting the right short sale agreement with your mortgage lender. Best of all, you can rest assured that having the right team in place will offer you the best terms and most options when the paperwork is finished. Putting the past behind you offers you the chance to make a new beginning.