Colorado Springs Vintage Homes Blog

12 Acceptable Reasons for a Short Sale

Are you thinking about selling your Colorado Springs Home?  Do you want to do a short sale?

If you would like some other helpful advise on selling your home, please feel free to call Kathy at 719-287-1049, KTorline@msn.com

Many times I’ve been asked about why would a homeowner would want to do a short sale.  The reasons are many, but here my top 12 list of acceptable reasons:

1. Financial Hardship due to a reduction of income, still employed but you are making less money
2. Financial Hardship due to unemployment
3. Financial Hardship due to your ARM loan resetting and you can no longer afford the payments
4. Divorce
5. Death
6. Military Deployment
7. Job Relocation
8. Excess Medical bills
9. Relocation for health reasons
10. Relocation to take care of a family member
11. Bankruptcy
12. Inability to refinance to lower payments

Just because your house has decreased in value is not a valid reason for a short sale!

Previous Articles:

• Colorado Springs Homes, 4 things to know about a short sale - Part I of Short Sales Series
• Avoid Foreclosure, Know Your Options - Part II of Short Sales Series
• Colorado Springs Home Foreclosures – 11 benefits of a short sale - Part III of Short Sales Series
• The final step in the Colorado Foreclosure process – Part IV of Short Sale Series 
• How long does it take to do a Colorado Springs Short Sale? - Part V in Short Sale Series
• What are the credit consequences on a short sale? - Part VI of Short Sale Series
• Are there tax ramifications to a Colorado Springs short sale? — Part VII of Short Sale Series
• What you MUST know about short sales on FHA loans - Part VIII of Short Sale Series
• How do you price a Colorado Springs short sale? - Part IX of Short Sale Series  
• 21 reasons short sales fail - Part X of Short Sale Series
• 8 Things You Must Know About VA Short Sales - Part XI
• Oh no, don’t tell me you have other liens on your short sale property - Part XII

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Kathy (719-287-1049)   KTorline@msn.com

Tags: Colorado foreclosure short sale, Colorado Springs short sale, how to short sale, Reasons for a short sale, short sale options, short sales in Colorado Springs, unemployement and house payments

This entry was posted on Friday, November 20th, 2009 at 9:43 am and is filed under For Sellers, Foreclosures and Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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