Are you overwhelmed trying to keep up with your mortgage and your bills? Is your house worth less than what you owe? There are a lot of reasons why a Short Sale might be a good move for you. But how do you know if you should do it? Is a Short Sale right for you? Even though you might think the following are obvious, sometimes it takes reading them and getting that other perspective for the choice to become clear. Here are some indicators to pay attention to:
1.You are having a hard time paying your bills every month.
2. You’ve missed some payments – utilities, phone bills, mortgage payments, taxes.
3. You’re having a hard time sleeping because you’re constantly thinking about the problems you have.
4. You’re angry, fearful, isolated, frustrated.
5. Life isn’t fun anymore.
6. You don’t want to come home after work.
7. You wish you could just move, but your house is worth less than your mortgage
8. You don’t know what to do and have no one to talk with about it.
9. You’ve lost your job.
10.You’ve gotten divorced.
11.You’ve gotten sick and can’t work.
12.Someone died and your left with all the bills and can’t keep up.
There are a lot of people in Connecticut facing foreclosure, who owe more on their mortgages than their house is worth in today’s real estate market. The reasons are diverse, but the overwhelming feelings – the despair, the sense of being completely overwhelmed, are universally difficult. What is important to recognize is that you aren’t alone and that you have options. If you have questions about the short sale process and want to know if doing a short sale to avoid foreclosure is right for you, call Brad Whiteman, a licensed Connecticut Real Estate broker who has helped dozens of families in similar situations. For more info about Brad, please read the About Stop Foreclosure CT page.
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