Short Sales in the Lehigh Valley

Depending on the price range (typically, less than $300k), a common problem in today's Lehigh Valley Housing Market is that the seller can't recoup what they owe on the house within $10,000 to $20,000. This problem is more common with anyone that purchased within the past 3 years, refinanced, or took a home equity loan pushing the limits of the resale value.

Any debt on the property is considered a lien and all liens must be paid in full in order to sell the house.

When the Home Value has gone down and you need to sell, the home sale must provide the money needed to satisfy all liens. If you don't have the additional money to accept the lose you will need to ask the bank or mortgage company to approve a Short Sale. 

For more information give me, Joe, a call at 484-241-1641.