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Options to Sell n Stay

September 4, 2017

If you are looking for alternatives for your property, then you may want to consider how to sell n stay.  This allows you to get out of your current mortgage and into a new set of terms for your finances.  Understanding how this works and what the process is like allows you to change your mortgage circumstances while finding alternatives for the home that you are currently in. 

 

The ability to sell n stay begins with a short sale.  Usually, someone will use this with the need to sell their property quickly.  If you are facing foreclosure, have a default or no longer want to be under your specific mortgage, then this is a simple way to work with the options needed.  With this alternative, you will easily be able to shift from your current mortgage while getting a shift with the loan you are interested in. 

 

The sell n stay alternative allows you to use the short sale to alter your circumstances.  After you have finalized the agreement, you will receive cash back on the home.  This gives you a lump sum and the ability to begin changing your circumstances.  For many, they will look at moving to a different location and finding alternatives for a new home.  However, there is the ability to stay and find different approaches with the home that you are interested in. 

 

The ability to sell n stay is finalized with a different agreement from the short sale.  You will be able to find a way to shift the lease you are under with the new owner that has bought the home with a short sale.  By doing this, you will be able to lease back the property for an extended time frame.  This gives a contract to rent by the month while finding a way to enjoy the home and lifestyle that you currently have. 

 

If you want to change the conditions of your mortgage, then you can consider a sell n stay.  This allows you to move into a different situation with the finances that you have while providing you with a different lease alternative.  Understanding how to approach different options with your home allows you to continue to enjoy your home while having financial conditions that work for your needs. 

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