Bellevue Short Sale Question: Can I Short Sell My Home If I Have More Than One Mortgage?

By
Real Estate Agent with Paul E. Nelson Real Estate

Bellevue WA – It is possible to sell your home if you have multiple mortgages. But, it can be difficult. This is something many short sale homeowners have to consider because they have multiple mortgage.

All the mortgages on the property will have to be satisfied before you can give clear title to the buyer. But the most important negotiation is the one which has to be made with the lenders; which will be two or three in case of multiple mortgages on your home.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Negotiating with two or more lenders might seem to be an intimidating task. But, you do have a strong negotiating position because second mortgages typically receive nothing if the home is foreclosed by the primary lender.

It is also possible for See Entire Story 

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Topic:
Home Buying
Location:
Washington King County Bellevue
Tags:
real estate
paul nelson
bellevue wa

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