Albuquerque - This page will describe what a short sale is as well as the in's and out's of short sale transaction. I will give tips to consumers on how to successfully complete a short sale transaction.

No Equity No Problem

Today many homeowners are faced with a negative equity position.  The contributing factors were the slow down of the market and the inflated sales price at which they purchased. Sometimes unexpected circumstances arise.  A death in the family, divorce, loss of job/income.  Also a reset on the interest rate from an Adjustable Rate Mortgage (ARM's) and an increase in Property Taxes raises the monthly mortgage payment significantly.

Homeowners find themselves in a position where they are unable to pay their monthly expense's, which a bulk of the expense is their mortgage.  When they attempt to refinance the loan, they find that they are unable to do so due to no value in the home.  They find it difficult to make the payments or cannot…

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