What is a short sale?
If you own a home with less than 10% equity and you’re experiencing a financial hardship, you may qualify for a short sale.
If you bought your home between 2021 and 2025, there’s a real chance your current value is similar to or less than what you paid.
Rule of thumb: If what you owe is within ~10% of what your home can sell for, you may qualify for a short sale.
Why homeowners consider it
- The lender typically pays the commission
- Title, escrow, and closing costs are covered
- No out-of-pocket expense in most cases
- A cleaner exit while minimizing credit damage
If you want to understand how this works — and whether it applies to your situation — I’ll walk you through it step by step.
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