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What Is a Short Sale?
What is a Short Sale?
When a lender agrees to do a short sale, it means the lender is accepting less than the total amount due. Not all lenders will accept
short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all
properties qualify for short sales.
What benefit do I gain from a short sale?
A short sale allows a home owner to sell their property for less than they owe on it and:
There are there main reasons a homeowner is in this situation:
Even though one of the above situations may have impacted your ability to pay, foreclosure or bankruptcy is not a good option, since it
can adversely affect your credit record for up to 10 years. Short sales typically, show up as “paid" on your credit report; however there can
be a notation that says "settled for less than originally owed.“ This is much more favorable than having a foreclosure on your credit
report.
You have nothing to lose if your ability to pay has changed and you can no longer afford or it is difficult to make the monthly payment.. To
avoid your lender foreclosing on your property, I will list and market your property, negotiate a short sale with your lender, find a buyer for
your home, and ultimately sell your home and allow you to move on with your life. My main goal is to help you walk away free and clear
and put this difficult time in the past.
When a lender agrees to do a short sale, it means the lender is accepting less than the total amount due. Not all lenders will accept
short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all
properties qualify for short sales.
What benefit do I gain from a short sale?
A short sale allows a home owner to sell their property for less than they owe on it and:
- Avoid Foreclosure
- Avoid Bankruptcy
- Protect Credit Score from “Foreclosure”
- Be free of financial and emotional burdens
There are there main reasons a homeowner is in this situation:
- Unexpected hardship: Job loss, change in income, increased debt, family emergencies, etc.
- Creative mortgage financing: ARM and/or payment adjustment, deferred interest program (option ARM), 100% financing,
purchase money, subprime mortgage, 40/50 year mortgages, etc.
- Market conditions: Values decreasing, no equity, speculators, flippers
Even though one of the above situations may have impacted your ability to pay, foreclosure or bankruptcy is not a good option, since it
can adversely affect your credit record for up to 10 years. Short sales typically, show up as “paid" on your credit report; however there can
be a notation that says "settled for less than originally owed.“ This is much more favorable than having a foreclosure on your credit
report.
You have nothing to lose if your ability to pay has changed and you can no longer afford or it is difficult to make the monthly payment.. To
avoid your lender foreclosing on your property, I will list and market your property, negotiate a short sale with your lender, find a buyer for
your home, and ultimately sell your home and allow you to move on with your life. My main goal is to help you walk away free and clear
and put this difficult time in the past.
Here's what I will do for you:
I have a success record for Getting Short Sales done and helping protect you from Foreclosure, so you can get your credit back on track
quickly. I will even help you with that too!!
Call or email me today for more information or click the buy button below and sign up!
Short Sale can be very time consuming and require the Seller to provide paperwork the bank requires timely. I will work very hard to
Short Sale your property. Seller’s may be required to submit paperwork including tax returns, bank statements, pay stubs, financial
statements and more. Short Sales can take up to 60 days or more to complete and may not stop the foreclosure process until the
property closes. I am here to help you every step of the way!
- I will contact the bank prior to you signing up to make sure they are willing to work a short sale!
- Once you submit your information, I will help you get your house ready for sale, set the right price, assist you in getting the proper
paperwork the bank requires and use my marketing plan to make sure that every buyer in the area will know about it.
- Begin negotiations with the bank and coordinate every step of the process, once the offers start coming in.
- I cover every aspect of the transaction. You pay a small 6% (bank may negotiate a lesser fee) fee and if there is another real
estate agent involved, the commission is with them. We want your Short Sale to be successful and the banks are happy to be
paying less commission too!!
- Make it a win-win for all!!
I have a success record for Getting Short Sales done and helping protect you from Foreclosure, so you can get your credit back on track
quickly. I will even help you with that too!!
Call or email me today for more information or click the buy button below and sign up!
Short Sale can be very time consuming and require the Seller to provide paperwork the bank requires timely. I will work very hard to
Short Sale your property. Seller’s may be required to submit paperwork including tax returns, bank statements, pay stubs, financial
statements and more. Short Sales can take up to 60 days or more to complete and may not stop the foreclosure process until the
property closes. I am here to help you every step of the way!
I'd like to help you save your home. Simply compete the information below and I will get back to you within 24 hours.
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