If you are underwater with your current mortgage and want to sell your home, you would not be able to sell your property as a “standard sale”. It would have to be a “Short Sale”. If you Short Sale your home, you can not purchase another one for at least 2 years. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that the banks do not let you short sell just because you are upside down or because you want to move. You must have some kind of hardship like income loss etc. Check out below to see what sold in The Townes at Liberty Park in September 2015:
27954 Declaration Road, Novi: 2 bedrooms, 1.1 bathrooms, 1,212 sq. feet, 1 car garage, Sold Price: $153,000
27909 Hopkins Drive, Novi: 2 bedrooms, 2 bathrooms, 1,250 sq. feet, 1 car garage, Sold Price: $173,000
Instead of selling Short, its best to stay put and just pay down your mortgage debt, if possible. For more information on The Townes at Liberty Park, or similar Northville or Novi neighborhoods such as Lexington, Crosswinds West and Lakewoode Parkhomes, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.