ASSET
The Short Sale Experts Team
Specialists in Real Estate short sales and preventing foreclosure in Massachusetts

Search for Homes  Buy a Home  |  Sell a Home  Featured Homes  |  Short Sales   Commercial Property  |  Armstrong Field Real Estate Home Page

Are You Facing
Foreclosure?
The Foreclosure Process in
Massachusetts
The Short Sale Process
Foreclosure vs.
Short Sale - Which is Better For You?

SELLING A HOME WITH A SHORT SALE
IN MASSACHUSETTS

   The current U.S. housing market and financial crisis have caused tremendous stress and heartache for families across America. During times like these, there are always a certain percentage of homes or homeowners who are distressed. According to the Mortgage Bankers Association®, as many as 1 out of 10 homes are either delinquent or in foreclosure, and unfortunately, 7 out of 10 homeowners in foreclosure proceed without the assistance or advice of real estate professionals or mortgage representatives. If you or someone you know is among the millions of people affected by the prospect of foreclosure, it is important to understand that you have options.

   The option many homeowners in Massachusetts and across the US are turning to today is to sell their property using a short sale. A short sale is when homeowners sell their property for less than the balance of their mortgage.

    In the past, it was rare that a bank or lender would accept a short sale. However, due to the overwhelming market changes, lenders have become much more negotiable when it comes to these transactions. Recent policy changes within many organizations have made the chances of getting a short sale approved even higher. If the homeowner is behind in making mortgage payments, a lender will typically lose less money on a short sale than they would if they foreclosed on the property and sold it themselves. It is estimated that a Lender will have $35,000 or more in cost if they foreclose on a home, and most likely will end up selling the property for less than what they could get by selling it in a short sale.

 
 

YOUR SHORT SALE EXPERTS SERVE THE ENTIRE ESSEX COUNTY AREA AND BEYOND

 

Copyright 2000-2016
Armstrong Field, Inc
Real Estate
An Independently Owned Family Business

Corporate Office
281 Essex Street, Unit C3
Salem, MA 01970
Call 978-740-8700

www.ArmstrongField.com
www.SalemMassCondos.com
Dedicated to Selling Condos, Lofts & Townhouses in Salem
NorthShoreFinerHomes.com
Luxury Properties in Essex County Massachusetts
www.AFhomesearch.com
Search the Massachusetts MLS for your home

Beverly, MA
Ipswich, MA
Newburyport, MA
Topsfield, MA
Boston, MA
Call Toll Free
844-740-8700
 

Privacy Statement
  
Information for
Home Buyers
Contact
Armstrong Field
Armstrong Field
Featured Homes
 
Information for
Home Sellers
 
Commercial Property
and Businesses
Mortgage Advice
& Tools
Search For
Massachusetts Homes
Home Warranty   Preferred
Partners
Salem, MA
Links 
Massachusetts Real Estate Careers
Become a Real Estate Agent
About
Our Agents