How To Know If A Knoxville Short Sale Is Right For You

Avoid_Foreclosure_REpageA Knoxville short sale is one of a few ways to avoid foreclosure on your Knoxville home. But, it is not a one sized fits all solution to avoid foreclosure. If and when you decide to pursue an option to avoid foreclosure on your Knoxville home, the decision is largely personal. Here is how to know if a Knoxville short sale is right for you. 1. You are ineligible to refinance or modify your loan. For many Knoxville homeowners facing foreclosure, the first plan of attack it to try and see if it is possible to save their home. Refinancing or modifying your loan are two options to try and do that. Unfortunately, not everyone is eligible to do this. In this case, a short sale may be a good option to consider to try and avoid foreclosure. 2. Your hardship is a permanent situation. In cases where a homeowner is so underwater or behind on their mortgage, a short sale may be necessary. It can be the best way out of difficult situation and still allow the homeowner to avoid foreclosure their Knoxville. A Knoxville short sale tends to have a better outcome than that of foreclosure, making it a worthwhile alternative to avoid foreclosure. 3. You can no longer afford your Knoxville home. If you're in a situation where it has become impossible to keep making payments on your Knoxville home, a Knoxville short sale can be a way out of the situation. In many cases, homeowners are able to walk away debt free from their Knoxville home. 4. You are in a situation where you need to or just want to get rid of your Knoxville home. For Knoxville homeowners who are behind on their mortgage, there can be a sense of hopelessness and feeling like there is no way out. A short sale offers a better, more dignified way out of an already difficult situation. 5. You want to avoid foreclosure on your Knoxville home. A short sale is often a last ditch effort to try and avoid foreclosure on a Knoxville home. A short sale will allow you to stay in your home until the short sale is complete, do less damage to your credit, and allow you to avoid foreclosure. Are you facing foreclosure on your Knoxville home? Would you like to hear your options to avoid foreclosure? Please do not hesitate to contact my team and I today at 865-696-9002 or via email at [email protected]. We've helped countless homeowners avoid foreclosure on their Knoxville home. Contact us today for a free consultation.

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