The Maine short sale allows you to sell a property where the mortgage debt is higher than the home’s current value. By doing a Short Sale, we can help you sell your home even if you have no equity. As property values drop, many people in Maine are experiencing a loss of equity in their homes and finding it difficult or impossible to sell.
The key to the success of a Maine short sale is expertly negotiating with your lenders and lien holders to reduce your liability. With a successful Maine short sale you can avoid losing your house to foreclosure auction.
The program is simple and easy for you. The first step is to contact us and one of our short sale specialists will be glad to speak with you confidentially. There is no fee for this service.
What is A Maine short sale?
A Maine Short Sale is an alternative to Maine Foreclosure that your lender will consider. A Short Sale is when a lender is willing to accept less than the full amount they are owed. This is far better for your credit than a foreclosure.
Why would a lender do this?
It is expensive for a lender to foreclose on a property! They have to pay legal fees, property taxes, hazard insurance, repair costs, and other foreclosure fees. Lenders also can lose their borrowing power when they hold properties that are in default or foreclosure. This is why your lender offers the Short Sale option as one of their alternatives to foreclosure for Maine borrowers.
How you benefit
- You get to sell your home and move on with your life.
- In most cases it won’t cost you any money to sell your property, even if you owe more than your home is worth.
- You will not have to pay a realtor’s commission out of your own pocket.
- We can assist you with getting a fresh start. Our network can provide you with top quality credit restoration and rent-to-own opportunities.
- Your liability to the lender is reduced because the short sale stops the accumulation of interest and foreclosure fees.
- You will be at ease knowing that your situation is being taken care of professionally.
Other Options
If you have equity in your property and are looking for a fast sale to avoid foreclosure consider our Maine Rapid Sale Program.
