Short sale Dallas TX just occurs when there is an outright guarantee that the cash value of your house can not increase in the future. In order to avoid the risk of a full loss, the financial institution typically accepts the decreased amount of short sale. Our Dallas short sale Realtor has a high success rate on approvals from the banks and closed short sales in Dallas, Garland, Irving, Plano, Fort Worth, Arlington, Carrollton, Richardson, Grand Prairie, Balch Springs, Duncanville, Farmers Branch, Frisco, Mesquite, Lancaster, DeSoto, Rowlett, Grapevine, and McKinney, Texas. Bank approves short sales when they believe a hardship situation exists, however, hardship is not only determined by how much money a person earns but also it factors in a person's expenses, especially if expenses have increased and income has decreased. A short sale is a real estate transaction where a homeowner is facing hardship and gets permission from a bank to sell their property for less than they owe on the mortgage. If your house in Dallas, TX is worth less than what you owe on the home loan, a short sale maybe your best alternative to foreclosure.
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