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Fresno Real Estate News

June 15th, 2012

No Hardship Required To Short Sale Your Fresno Ca Home

Your Fresno Home Underwater?

Your Short Sale hardship for your Fresno Ca Short Sale is your underwater house! There has been much confusion over the past few months about the facts relating to short sales.  Most homeowners are still unaware of what it means to short sale their Fresno home, as well as what requirements are related to being able to sell.  This is no fault of the homeowner, it seems like the rules and laws change every other week.  So what’s the deal?

Fresno Short Sale Help

Fresno Short Sale Help

What seems to matter most to the majority of banks these days is not the severity of the hardship but instead the current fair market value of the home versus the amount owned by the home owner.  Standard, or usual, hardships in the past have been… Unemployment, Divorce, Medical emergency / sudden illness, Bankruptcy and Death.  Although these remain to be the standard, hardships for a short sale are changing with the culture.

So what is a hardship for a Fresno Short Sale?

Banks are adding to the above list of “acceptable” hardships. Two such are under-employment (employed and working but not making enough) and now, owing more then your house is worth.  Now, a lot of American’s owe more then their home is worth – this doesn’t mean that it is always a sure fire hardship but banks are looking more closely at the issue and are more willing to work with homeowners.  It is important for you to get all of the facts and information you need to pursue a Short Sale on your Fresno Home.  Each homeowner’s situation is unique and each bank/lender will approach a hardship differently.

Find out more with a FREE, confidential, no hassle Fresno Short Sale Consultation to get all the facts.

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This entry was posted on Friday, June 15th, 2012 at 11:02 am and is filed under Avoiding Foreclosure, Home Selling Tips, Seller Info. 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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