What is a short sale

A short sale is when your lender agrees to take less than what you owe on your mortgage. Why would they even consider doing this? There is a possibility that if your home goes to foreclosure the bank may loose even more money than if they accept a short sale. Typically a real estate agent or an investor will negotiate with your lender and try to get them to take a discount. This is an extremely advanced method that should only be trusted with an experienced real estate agent or investor who is trained in doing short sales. Go to our web site to see the difficulties experienced by people who are not trained in doing short sales or loan mods, www.beaconforeclosuresolutions.com The short sale process may take several months to complete and there is no guarantee that the process will be successful. A short sale will negatively affect your credit, however it will not impact it as much as a foreclosure. The lender may also come after you for the difference between the discount and the amount you actually owe. All this sounds very intimidating but if you are behind in your mortgage payments a short sale will stop foreclosure, please don't lose your home to a foreclosure. There are also other alternatives for saving your home, go to www.beaconforeclosuresolutions.com and get you free e-book on saving your home. Time is short, don't wait another minute, help is available now!