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Can I Stay in My Home During a Short Sale?

Yes. In almost every case, you stay in your home throughout the short sale, right up until it closes. A short sale is still a normal sale, which means the house needs to be lived in, shown to buyers, and kept up. Moving out early usually works against everyone, so there's no reason to rush for the door.

A few things are worth keeping in mind while the sale comes together. Keep the home in reasonable shape and let us coordinate showings, because a property that shows well tends to sell faster and at a better price, and that helps the whole deal go through. Keep up with utilities and basic upkeep where you can. And if your lender or anyone else tells you that you have to leave immediately, talk to us before you do anything, because that often isn't true.

You also don't have to keep making mortgage payments you genuinely can't afford in order to stay. Many homeowners going through a short sale have already stopped paying, and the home isn't sold out from under them overnight. The process takes months, and you generally remain in the home that entire time.

When the sale closes, that's when you hand over the keys and move on, often with the debt resolved and, where it's available, some relocation assistance from the lender to help with the move. Until then, it's still your home. If you want to know exactly how this would work in your situation, that's a free conversation away.

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