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A Short Sale may be the answer. A short sale occurs when the net proceeds from the sale of a home are not enough to cover the sellers’ mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate commission. Some clients may also be in default on their mortgage loans and be headed for foreclosure. This can be caused from home owners who bought at the top of the market or who took out large amounts of equity with a refinance and who now need to sell because of divorce, job transfer or other hardship.
How can Northgate help you....
Experienced Broker Negotiates the Short Sale with Lender
You Pay No Real Estate Commissions – Your Lender Pays