Short Sale Real Estate
Short Sales occur when borrowers sell their real estate for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed.
The end result is your home is sold, the mortgage is satisfied (paid off) and you avoid a foreclosure or a bankruptcy in the event of hardship. Your credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.
Benefits of a Short Sale?
When a Short Sale is achieved, there will not be a foreclosure. A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years.
- Protect your credit. Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Most believe that a foreclosure is much worse than a bankruptcy.
- My Short Sale Service is FREE to you; the lender covers all the costs involved. Don’t be fooled by other offers and upfront fees.
- Controlling future costs. If your property is sold at an auction, you may owe deficiencies and other expenses to the lender. Under most short sales the negotiation will allow the homeowner to be relieved of this possible future headache.
Unfortunate things happen in life which can attribute to hardship. I am here to give you support and honest answers so you can make the best decision for your circumstance.
Let me help you make a FRESH START. Call today, or fill out the form for more information.
If your a buyer looking for short sale Real Estate, fill out the form and leave a note in the comments section of your sear criteria.
