What is a short sale? A short sale is when the value of a home is less than the amount of the outstanding loans. This could be attributed to many causes, but most commonly is a result of a rapidly declining real estate market.
Short sales can be a way for homeowners to avert foreclosure and pay off their loan with the lender by settling. Note: A short sale is usually not reported on a credit history. This is a major reason that a short sale is preferred over a foreclosure and also may not be a challenge for future employment possibilities as a result.
What steps do I take in a short sale? Do you qualify?
First, see if you qualify, then get an idea of the true market value of your house. Call Jack McSweeney DRE#1027223 - RE/MAX Execs - He will be able to give you a realistic idea of what your home would possibly sell for based on a market analysis and explain the entire process to you. No Obligation.
 |
 |
 |
When you're ready to get started, contact me through my site or e-mail me. I'm happy to answer any questions you have regarding real estate short sales. |
|
|
|
 |
Note: Your lender will have to give approval for the final sale. (my closure rate is almost 100%, so don't worry)
As your short sale specialist, I will:
*
Determine the requirements of your lender to approve your short sale.
*
Facilitate the submission of required documents from you to the lender including a "hardship letter" which speaks to changes in income and/or expenses.
*
Determine a listing price for your home, and diligently market it for sale.
*
Communicate regularly with your mortgage lender’s short sale negotiator to work towards a selling price that they will agree to.
I am a Certified Distressed Property Expert.
