Short Sales
Selling real estate today can be challenging in many ways. A large percentage of homes on the market now are listed as potential short sales.
Short Sale definition: Sale of a property with a seller who owes more on their mortgage(s) than the current market value of their property and the lender or creditor may be willing to allow the property to be sold for less than the amount owed and accept that short amount as payment of the debt.
As a seller, if you need to sell, I can help you negotiate these uncertain times and help find a solution with your lender to get you out of a loan and or property that you can no longer maintain.
As a buyer, if you have the time frame and patience to participate you may be able to purchase a home at an ideal price and terms. This may be an ideal opportunity for you.
Lenders are not in the Real Estate busines. They prefer to work out a compromise if possible to avoid the legal expenses of foreclosure and selling a property.
Are you ready? Contact me to find out more! I am here to guide you and I am only a phone call away!
*Real Estate Agents are not qualified to provide legal, financial or tax advice regarding a short sale transaction. A seller is advised to obtain professional tax advice and consult legal counsel regarding the tax implications and advisability of entering into a short sale agreement.
