If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if they have any programs to help you stay in your home. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if your property is worth less than the total mortgage you owe on it or if you have a financial hardship, such as a job loss or major medical bills. Check out below to see what sold in Country Club Village in July 2017:
39506 Champion Court, Northville: 2 bedrooms, 3 bathrooms, 1,341 sq. feet, 2 car garage, Sold Price: $307,000
Prepare buyers for a lengthy waiting period if they want to buy a house in a short sale. Even if you’re well organized and have all the documents in place, be prepared for a long process. Waiting for your lender’s review of the short-sale package can take several weeks to months. Some experts say if you have only one mortgage, the review can take about two months or longer. For more information on Country Club Village, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Hickory Creek and Lairdhaven, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.