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What is a Short Sale?
A short sale is a program that allows the homeowner to sell the home for less than the amount owed on the mortgage. |
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How Can I be Considered for a Short Sale?
You may be eligible for a short sale if you have an involuntary hardship and can no longer afford the monthly payments on your mortgage, or you’re unable to sell your home for the full amount owed on your mortgage. |
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How Can I Benefit From a Short Sale?
You avoid a foreclosure sale. You can live in your home until the new owner closes, giving you time to make other living arrangements. A foreclosure sale may be postponed once a written, signed offer is received and approved by Wachovia in writing. Also, you might be eligible for a seller incentive. |
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