Short Sales Your Home

Financial struggles can confront homeowners at any time. Many have to face such hardship as a result of job loss, health problems, or interest rate increases. Foreclosure has unfortunately become commonplace.

What is a Short Sale?

By legal definition, a Short Sale is the sale of a house in whic h the proceeds fall short of what the owner still owes on the mortgage. A Short Sale, therefore, is the process by which a lender is convinced to reduce the amount of an outstanding loan against a property so that the borrower is able to sell the property at a lower price. In other words, it means that if you owe more on a property than it is worth, you can have the bank agree to accept less money than they are owed so that a buyer can be found and the property sold! Through the use of Short Sales, thousands of property owners have avoided foreclosure and bankruptcy. A Short Sale is a solution for you if you can no longer afford to make the required payments to stay in your home and want to lessen the blow to your credit by avoiding bankruptcy or foreclosure.

Sellers You have Options

If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

The right representation will make the difference in your transaction. Our experienced REALTORS can list and market your property. Our Negotiators will fight to accomplish your goals and get you the best deal possible.