Who Can Short Sell?

Keep in mind that in order to qualify for FRESH START™ there are some very important guidelines, which must be followed. Below is a brief list of the primary underwriting guidelines. Homeowner must have verifiable income; all income will be verified to guidelines. Homeowner may or may not be current on mortgage payments. Temporary income such as Unemployment, Short Term Disability, etc. will not be allowed. The homeowner’s income must have a Front End Debt Ratio of no greater than 40%. This is the homeowner’s gross household income versus the new rental payment. Primary Residences only, no rental or income producing properties allowed. 1-4 unit properties are permitted; however the owner must reside in at least one of the units. Property must be in Marketable Condition. Marketable condition is defined, as there are no deferred maintenance issues such as leaking roofs, missing siding, etc. There are also no functional obsolesce of the subject property such a missing or non-working A/C Units, missing water heaters, sinks, tubs, toilets, counter tops, etc. The client-homeowners property must be valued at least 20% less than what is owed on the 1st mortgage. In example someone who has a home valued at $200,000.00 must have a mortgage owing on the 1st mortgage of at least $240,000.00. FRESH START™ does not provide services for stopping or delaying Foreclosures or Trustee sales; should the client be in such a position the client-homeowner she seek the services of someone skilled and licensed in these areas. Bankruptcies: Homeowner may not be in active bankruptcy of any type at application or during the lease period. Under no circumstance should anyone encourage a homeowner to skip or miss payments to their mortgage(s). If a homeowner is capable of making their mortgage payment(s) they should do so. CALL ME 214-997-3019 OR EMAIL ME Sean@SeanMoniri.com FOR MORE INFORMATION .