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Why A Short Sale?
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Save Your Credit! Be Compensated.
What is a Short Sale?
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale.
Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
But to be technical, here's a more official definition:
A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.
For homeowners to qualify for a short sale, they must fall into all of the following circumstances:
Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
Do not let the bank fool you! Cash for Keys = Foreclosure
Home Owner? We handle Full Service Short Sale to Save Your Credit and Would compensate you for listing with us in your Pocket When Short Sale Close Regardless of Sale Price!
We specialize in short sale transactions - We negotitate with the banks and FSBOs and Have over 14 years of Exp in Any Real estate Transactions with a Focus on Short Sales. As the Economy and most Transaction are short Sales we will work with you and give you best solution..and
Put money in Your Pocket & Your Credit and Future!
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