My parents have lived in a house for more than 23 years and the neighborhood has really went down south. I truly worry about their safety. What can be done to get out of a house, that would be very hard to sale due to shady neighbors and in an area that police come frequently. They have 2 mortgages on their home and can pay for their monthly payments so would a short sale even be an option? Please help, any advice would be greatly appreciated, thanks.

The first thing you need to do is determine what the value of the home. Knowing the value will determine if a short sale is even needed. I suggest you find a realtor that knows the area and short sales.A knowledgeable short sale realtor will help you determine value and second if it is a short sale they can guide you through the process.This is not a process you want any realtor doing unless they have experience with short sales. Once you have determined th direction then I would suggest in either situation price the home at 5 to 8% under market to attract buyers.

If you need help finding a realtor that specializes in this send me a pm and I will help you with that.

Good luck, I hope this helps.

Do your parents want to move? So folks love their homes and are not willing to move some place new after 20 plus years. Perhaps a neighborhood crime watch, sec system, guard dog might be a better choice. Thugs takeover an area when good people like your parents leave.

1.Short sales are for extreme hardships NOT because they no longer like an area.

2.All you can do is direct buyers to crime statistics. To suggest an area has gone downhill or you no longer like the mix of people living there is a violation of the Federal Fair Housing Laws.

3.If the parents want to move could they keep that house and have the ability to purchase another? They could call a loan officer to find out. If they can they could rent that house out and buy another house. Then if times got tough they could let the other house go and since they bought another home the credit getting trashed wouldn't be as big of an impact.They could also rent that house and move to another rental themselves.

4.You stated they have lived there a long time but have 2 mortgages which says to me they have probably refied out all the equity over time.

5.There are other options as well but they really need an appointment with a broker in their area. Also if they are not ready to move but you are concerned where they are living there is not much you can do.

You have to be unable to pay your mortgage in order to qualify for a short sale.

Price, condition and marketing

You have to prove that you are not be able to pay for your mortgage in order to short sale. Check out the price, if you are under water and to be able to pay, you can short sale. Good luck!

Hi,

Selling house is a time-consuming affair that you imagine. If you can sell house fast through the sale schemes, it will help you as a homeowner to sell your property in standard time as much as selling it at an attractive price.

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[url=http://www.AndrewBuysHousesCash.com]sell home for cash[/url]

I think the OP went on to solve his parents' problem many weeks ago (without our help). He just popped in September 18th to ask the question and then went away . . . . hasn't been back online here since that day.