Premier Real Estate

Now that we have talked a little bit about your credit, let’s go ahead and talk about another thing that you want to do – that is make sure that you shop around for a mortgage.  This will not only give you a competitive edge on the mortgage companies, but you will know exactly what is out there.

This takes a lot of research on your end, as you want to make sure that you are finding the right deal.  You also want to make sure that you are shopping from a variety of sources and different lenders, that way you can ensure that you are finding the best mortgage for you.

There are many different local and state mortgage programs as well as community services and housing agencies available.

Now that you understand exactly what a short sale offer is, you now need to know who can accept these offers and what you should do with them if you do encounter one.  First and foremost, you need to make sure that you forward the offer over to your mortgage lender; they are going to be the ones that are going to approve or deny the short sale offer.

The reason that they get to choose is because there are many different factors that they are going to consider.  The value of the home, how much equity is in the home, how many mortgages are on the home right now – all of these are factors that the mortgage lender are going to consider.

Short sale offers and mortgages are being accepted more and more nowadays and when you encounter one, do not be scared – just forward it onto your mortgage lender and let them decide!