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A short sale is a home loan assistance option that helps address mortgage debt in the event that you’re experiencing financial hardship. It’s a process where the house or property is sold for less than the amount owed on the mortgage and the owner or insurer of the loan accepts the proceeds of the sale as full payment of the debt. There are several programs available, each with different eligibility requirements.
This program offers alternatives for addressing mortgage debt for FHA loans.
A Cooperative Short Sale may help avoid a potential foreclosure if more is owed on the mortgage than the current value of the house.
If you don’t have prior approval to pursue a short sale but already have a potential buyer, we can help you take the next steps.
800.669.6650 Monday through Friday
8 a.m. - 8 p.m. Eastern
Help is available in English, Spanish and many other languages.
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