Wen Farina, Broker, Realtor 
"Ready When You Are"
Wen Farina (Wayne)
Reading, MA
Office: 617-302-7787


Mobile Search: www.homesalesinmass.com

Email: info@wenrealty.com

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Short Sales

Short Sales have become more popular than ever in part due to the market and economy that we are in.  However, be aware that short sales are not for everyone and there are certain requirements you have to meet in order to qualify for one.  Some people might say that a short sale is the best option for those homeowners that owe more money than their house is worth and/or can no longer afford their mortgage payments.  However, every person's situation has to be assessed by a trained, knowledgeable professional during a consultation.  Below, are some common questions and answers about short sales; if you have any questions that are not listed here, or would like a FREE, NO OBLIGATION consultation contact us and we will set up a confidential consultation to analyze your specific situation.

Short Sale FAQs:
  • What is a short sale?
A short sale is the sale of a house for less money than what is owed on the mortgage.
  • Is a Short Sale right for me?
If your house is worth less than what you owe and you are faced with a hardship (loss of job, illness etc..) and can no longer continue to make payments a Short Sale may be your best option.  Other options are Deed-In-Lieu, Forbearance and Loan Modifications.  Contact us to see if you may qualify for a short sale or any of these other options.
  • Can I do a short sale if I/we have two mortgages on the house?
The short answer is yes.  We would work with both lenders to reach an agreement and acceptance on the short sale.
  • Is there a government program to help with short sales?
Yes,  and it is called HAFA.  This is the Home Affordable Foreclosure Alternative Program-Short Sale.  Contact us for more information about the HAFA program.
  • Would I have to pay the Real Estate commission if I short sale my house?
No, the commission is paid by the lender not you.
  • Will a Short Sale affect my credit?
If you have missed one or more payments on your mortgage, credit card-s, your credit has already been affected.  However, a Short Sale is typically far less damaging to your credit than a Foreclosure.
  • Who can I contact if i have more questions or to see if I can qualify for a short sale?
you can contact us at info@wenrealty.com or 617-302-7787 for a free confidential interview and to explore your options and qualifications. 


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