If you're struggling to make your mortgage payments and in danger of foreclosure, you may be considering selling your home. When you don't think you can sell your home for the amount you still owe, a short sale may be right for you.
A short sale essentially means selling your home for less than what you owe. While it may seem odd that a lender would agree to be shorted what you owe them, their alternative is to pursue foreclosure actions against you, which can be very costly.
Take a look at the frequently asked questions below for more details about the short sale process and your options.
At Ark Law Group, we understand dealing with debt can be confusing and overwhelming. Our experienced staff is here to help and will guide you to the fresh start you deserve.