“We want to sell our house but we owe more than it is worth”

A “Short-Sale” makes it possible for you to sell your house for less than what you owe, without having to pay anyone the difference. YOU WALK AWAY FROM THE HOUSE AND THE DEBT.

Yes, you can walk away from your house and all the debt without filing bankruptcy. The closing costs, taxes, 2nd mortgages, lines of credit, and other liens are also taken care of at closing.

A Short Sale could save your credit and help you avoid a Deficiency Judgment which could otherwise force you into an even worse situation, such as Bankruptcy or a garnishment of wages. While it is always best to sell your house for exactly what you owe, for most people that is not an option, and for them the Short Sales system has been created.

Requirements for a Short Sale (Set by your Mortgage Company):

1) You must be behind on your mortgage payments

2) You cannot have any assets or excessive cash funds to pay the mortgage company back. (such as a retirement account or $10,000 in the bank)

3) There must have been an unplanned Hardship to cause you to fall behind on your payments (Divorce, job loss, relocation, death in family, etc.)

4) You must fill-out the required paperwork as requested by your Mortgage Company. (email us for a copy)

Note: The more repairs the house needs, the better.

What does it cost?

There is NO COST for our services. We cut back your costs in order to make it possible for as many families in Kentucky to avoid foreclosure as possible.  Kentucky Solutions only makes money when we successfully negotiate your short sale.  Even then, that expense is paid for by your Mortgage Company, NOT YOU! That is one reason we are very motivated to help your short sale succeed.  The primary reason being that we enjoy helping families live better and happier lives by serving them.

If you wish to maximize your chances of your Short Sale being successful, we highly recommend that you pay for a repair estimate, title report, and for an estimate to repair mold or structural damage (if any). The average cost for these optional estimates is $400.  Short sales will typically delay a foreclosure auction for 3 months or more, which means most people will actually SAVE an average of $1,800-$2,700 in rent payments making the optional repair estimate cost seem insignificant.

I Live in Jefferson County, Kentucky and Want to Proceed with a Short Sale:

1) Fill out our contact form below

2) We will email you the paperwork your lender requires that you fill out.

3) We will call you to schedule a time to meet you (or someone with the key) at the property and answer any questions about the paperwork.

TO ANSWER ALL YOUR QUESTIONS ABOUT SHORT SALES, VISIT OUR F.A.Q.

[contact-form 1 "Contact form 1"]