A mortgage short sale is a process in which a homeowner, who is facing foreclosure, sells their
property for less than the outstanding balance on their mortgage loan. This is often done as an
alternative to foreclosure, as it allows the homeowner to avoid the negative consequences of a
foreclosure on their credit score and financial situation.
Foreclosure International Group (FIG) is a company that specializes in helping homeowners
navigate the mortgage short sale process. They work with homeowners, lenders, and real estate
agents to ensure that the short sale process is as smooth and efficient as possible.
The first step in a mortgage short sale is for the homeowner to contact FIG and provide them
with information about their current financial situation and the property they wish to sell. FIG
will then work with the homeowner to determine the best course of action and develop a plan for
the short sale.
This plan may include negotiating with the lender to reduce the outstanding balance on the
mortgage loan or finding a buyer for the property at a reduced price. FIG will also help the
homeowner to prepare the necessary documentation and communicate with the lender and other
parties involved in the short sale process.
One of the key advantages of working with FIG is their experience and expertise in the mortgage
short sale process. They have a deep understanding of the laws and regulations surrounding short
sales and can help homeowners to navigate the complex process with ease.
In addition, FIG also offers a variety of other services to help homeowners who are facing
foreclosure. These may include loan modification and refinance assistance, as well as credit
counseling and financial planning services.
Overall, the Foreclosure International Group is a valuable resource for homeowners who are
facing foreclosure and are considering a mortgage short sale as an alternative. With their
expertise and experience, they can help homeowners to achieve a successful short sale and avoid
the negative consequences of foreclosure