Generally a homeowner needs to demonstrate a financial hardship to qualify for a short sale.  But this is not always a hard and fast rule.  Sometimes situational hardships exist.  Things like mandatory job transfers, divorce, illness or other documented hardships.  If you need to sell your home and you are “underwater” talk to us about your situation before assuming you do not qualify.

Investor?  Servicer?  Lender? What’s the difference?

The investor is the entity that actual owns your promissory note and has the right to receive your mortgage payments per the terms of the note.  The servicer collects your mortgages, and performs others services on behalf of the investor for a fee.  Lender is a generic terms that is most often used to refer to the servicer.  Homeowners interface with servicers and very rarely have any direct contact with the investor.