Friday, December 11, 2009

If you have had a hardship and can't afford it-Stop paying your mortgage!

If you believe the banks are to blame for our current crises than it stands to reason that they deserve to lose money now. Many homeowners have decided to stop paying their mortgage bills and listed their house as a short sale. If the bank accepts a short sale and releases you from any further obligation than it's a financially smart move.

Short selling your home and getting the bank to take the loss is a great deal for the homeowner. You can walk away from the debt and usually live for free for a few months. You can save the money you would otherwise use to pay your mortgage and use it later to pay for the next place to live. It is not necessarily good for society in general but it is certainly nice for you.

If the banks are allowing it and it would help your situation than why not take advantage of this short sale opportunity. Policy or regulation may change that makes it much more difficult to stiff the bank in the future. Right now you can do it and a lot of people are.

Click here to find out if it makes sense for you: Short Sell My Home!?

Fairfield County CT only: Norwalk, New Canaan, Darien, Stamford, Greenwich, Wilton, Westport, Weston, Ridgefield, Fairfield, Easton, Trumbull, Newtown etc

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