subject: Advantages of Short Sales in Charlotte NC - Charlotte Short Sale Benefits - Charlotte Short Sale Advantages [print this page] Advantages of Short Sales in Charlotte NC - Charlotte Short Sale Benefits - Charlotte Short Sale Advantages
Homeowners facing foreclosure in Charlotte, NC often have questions about Charlotte Short Sales. One of the most common questions is what are the benefits and advantages of a short sale over foreclosure in Charlotte? Well, there are many benefits and advantages to short sales in Charlotte, but first, let me mention one of the most common misconceptions. Short sales do affect your credit! Late mortgage payments will show on your credit, which will in fact reduce your credit score, although usually not as much as foreclosure. **This is not legal or tax advice. I am not an attorney, CPA, or tax consultant. For tax, credit, and legal advice, consult the appropriate licensed professional.**
Charlotte Short Sale Benefits Charlotte Short Sale Advantages List of Benefits & Advantages of Short Sales in Charlotte, NC
You do not have to pay a real estate agent to help you short sale your home. The real estate agent is paid by the lender or mortgage company, not by you.
Mortgage companies/lenders will often postpone or pause a foreclosure to allow a homeowner to short sale their home.
The homeowner does not need to make mortgage payments while in short sale process. This does not mean you should avoid paying payments on purpose only if you can truly not afford it.
The homeowner can remain living in the home while doing a short sale, as long as you don't mind allowing for showings.
A short sale allows you to avoid foreclosure. Avoid the embarrassment of foreclosure.
Homeowners are eligible for a Fannie Mae backed mortgage 2 years after a short sale versus 5 years after foreclosure.
Charlotte Short Sale Agents can help you short sale your home in Charlotte NC. If you have other Charlotte Short Sale questions, feel free to contact us. We have agents that specialize in short sales in Charlotte. We provide short sale services throughout the Charlotte Metro region, including surrounding cities, towns, and counties - such as Monroe, Indian Trail, Matthews, Pineville, Fort Mill SC, Mt Holly, Belmont, Huntersville, Concord, Kannapolis, Mooresville & more.
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