Who can do a short sale?

Answer 1

Anyone can do a short sale provided their home is worth less than the balances owed on mortgage. Banks will look at short sale even if you are current, so if you have to sell, submit your paperwork to the bank ad they will let you know if you qualify for a short sale.

Answer 2

You can.

We Buy Houses, Memphis helps people by buying their property and being able to do this at a decent price. Getting a reasonable offer from a buyer with a solid reputation may be something the lender would consider in making their decision about a short sale.

If the bank forecloses on a property it will go up for auction and there is no telling what the house will ultimately sell for. We can take on the property at the near current value, fix it up and sell it. In the process we not only improve the condition of the house but we add value to the neighborhood.

The most important thing is to communicate with your lender. Make sure they are aware of your current situation and your willingness to work to make things work out best for everyone involved.

So there you go, guys. That’s what a short sell is. Hopefully this helps.

We Buy Houses Memphis buys hundreds of houses each year in Memphis, Tennessee. We purchased 250 homes last year. In 2020 we are on track to buying even more. We’re your “go to” place to find options to help you sell your house fast, for a discount or if you’re having some sort of difficulty.