How can I sale my townhouse been under property value?

Need to sale my townhouse because my disability that the value is 104k and the balance of the mortgage is 158k. How I do this?
(0) | asked by: Jose Rodriguez | share | 8 months ago | Report
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answer by Amanda Davenport    |   Contact Me
IF you get with a Realtor they can help do comparables in your neighborhood to see what the house would ideally sell for and also the Realtor can contact your mortgage company if you owe more then the value and request to do a short sale.
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answer by Dorothy Blasberg    |   Visit My Website   |   Contact Me
The taxable value of your home often differs from the price you can sell it for. You can have a Realtor view your property and give you a comparable market value from other homes in your area and adjust the price for any upgrades you may have. You can have an appraiser give you the value of your home as well. In certain situations the lender is willing to do what is known as a short sale in order to avoid a foreclosure if that situation were to arise. A Realtor can help you with options. You may be able to keep your home by refinancing if possible. If you have mortgage insurance on your property you may be able to receive money's to help you as well. Many times by doing some simple repairs or staging the home will sell for what you need. My suggestion is to call a Realtor and discuss ALL options available to you.
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Kick N Back Realty
answer by Kick N Back Realty   
When the loan is more than market value, with the help of a Realtor, you are able to request a Short Sale from your lender. This is a way that your home can be sold and you do not owe the difference. The process is dependant on a knowledgeable Realtor who can work efficiently within the framework the lender provides and for you, the seller, to provide required documentation in a timely manner...then it can be accomplished smoothly.
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