When your house is worth less than what you owe on the mortgage, consider a real estate short sale
. In a short sale, the lender can avoid a lengthy and costly foreclosure process, and you are allowed to sell the real estate and resolve the debt for less than what you owe.
Since 1974, Melder & Melder, P.C.
has been guiding clients through a broad range of real estate
transactions. We use our extensive experience to negotiate with lenders for real estate short sales when homeowners cannot make their mortgage payments.