Short Sales in Louisville KY
How to buy a Short Sale property
From job loss to financial struggles, some Louisville KY homeowners simply cannot afford their monthly mortgage payments in this tough economy. Consider options other than foreclosure, which could negatively affect your credit rating for eight to twelve years.
To avoid foreclosure, look into participating in some of the new federal programs like HAMP or HAFA, or try to sell your Louisville KY home as a Short Sale. A Short Sale is when your lender agrees to accept less money to pay-off the mortgage than what the current pay-off amount is.
Red Edge has a guide for our customers who are interested in a Short Sale. The best part— you don’t need five years of work experience in the mortgage industry to understand it.