Do you need to sell your home but aren’t able to do an equity sale, so you’re not sure if a Santa Monica short sale is an option for you? The good news is that many lenders are now accepting a number of different hardships in order for homeowners to complete a Santa Monica short sale. IT used to be that completing a Santa Monica short sale had to be due to financial hardship, but this is no longer the case. If you’re in a situation where you need to sell and you’re not really sure what your hardship even is, contact a Santa Monica short sale expert and have them help you determine you hardship and whether or not you qualify for a Santa Monica short sale.
Some of the more common Santa Monica short sale reasons are due to financial hardship. Unemployment, decrease in pay, decrease in income or increase in expenses are all still very common among reasons why homeowners need to complete a Santa Monica short sale. Because of the rocky housing market we’ve experienced in the past few years lenders are also accepting an underwater mortgage as a legitimate hardship reason. There are other non-financial reasons for completing a Santa Monica short sale as well. Divorce, job relocation, need for a smaller or larger home, death of one of the homeowners or even moving into an assisted living facility are all acceptable reasons for completing a Santa Monica short sale.
If you absolutely need to get out of your home and you just aren’t sure whether or not you have a hardship contact a Santa Monica short sale agent. With years of experience behind them, they can help you determine what your hardship is no matter the situation and help get you started on the process.