To help you avoid foreclosures, 21st
Mortgage may assist you in selling your home for less than the amount owed on the loan against the property. This is known as a short sale and approval is dependent upon numerous factors including, but not limited to, your loan balance, your income and payment obligations, the reason for selling the home, your overall financial situation, and the cooperation of any other lien holders.
General Eligibility Guidelines
Short Sale Terms
Home loan previously serviced by GMAC/Ocwen or Wells Fargo
How to Apply
- Property valuation is less than the loan payoff.
- The borrower has a documented financial hardship and completes all application requirements.
- For second liens, approval is granted when the second mortgage receives the same payoff percentage the first mortgage is receiving, but other proposals may be considered.
To apply for a 21st Mortgage modification or check your eligibility, please contact your financial counselor at 1(800)955-0021.