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SHORT SALE
Question and Answer
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What are short sales?
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How can the Short Sale Specialist Network help me?
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| A short sale in real estate occurs when the outstanding loans and liens against a property, after closing costs are paid, are greater than the proceeds from the sale of a home, and the lender agrees to accept this lower payoff amount. This occurs only when a home seller qualifies for a short sale, and the lender agrees to this lower payoff amount. |
We are Realtors throughout the united states who are specialists in working Short Sales in our local areas. We help homeowners by working with your lender to negotiate a lower payoff amount in order to price your home below competition and get it sold. We will also aggressively market your home to attract buyers and oversee the entire sales process of your home. This service is at no cost to homeowners. |
Nevada Short Sale Realtors, California Short Sale Real Estate Agents, Georgia and Florida Short Sale Realtors, Texas and Arizona Short Sale Real Estate Agent Specialists, Ohio and Illinois Short Sale Realtors, Short Sale Real Estate Agents in Colorado, New York and New Jersey Short Sale Real Estate Agents and Realtors,
Anywhere in the United States, our network is nationwide!
Click here to contact us! Call toll Free at (877)737-4903 for a consultation
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Chat with a licensed agent!
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Click the logo above!
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What if my home is worth more than my loans, but I could not pay the closing costs?
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If I sell my home short, can the bank come back after me for the money?
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That can still be a short sale. Many homeowners in the country have avoided adjusting the price of their home to current market value in a desperate attempt to receive enough money back to pay off their loan balances. If this is you, you are just delaying the inevitable, as home values continue to fall across the country.
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NO, not in most cases. We will work to get a full release for you at closing. This release will fully forgive any deficiency between the amount you owe, and the proceeds from the sale of the home. You should consult an accountant regarding tax ramifications, especially if it is an investment property.
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Who will pay the Realtor commission?
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How much work will this take?
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Your lender does. They pay a regular Real Estate Brokerage fee, just like a home seller would in a traditional transaction, and just like they would if they foreclosed on your home. Again, you pay $0 out of pocket, period.
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Not much for you. We will ask you to gather certain financial information and forms for us to present to your lender. We will handle the negotiations and details with your bank as well as the process involved in selling your house.
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Will my neighbors, friends or family know?
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If I am going through foreclosure, can I do a short sale?
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NO. Unlike a foreclosure, (which is public knowledge) the short sale can be private. We don't even have to put up a "For Sale" sign if you don't like in most cases!
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YES. In fact, the bank will should more than happy to work with you on a short sale. It is to the banks and your advantage to work out a short sale. The foreclosure process costs the lender an average of $58,000!
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Why is it to my advantage to do a short sale?
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Can I stay in my house until the short sale is completed?
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A foreclosure can impact your credit far more. In fact, some banks don't report a short sale. In addition, in the event of a foreclosure, the lender can come after you for a judgement in the amount you owe in most states. They could even come after other properties and assets of yours, including vehicles. Your credit could recover from a short sale in around two to three years, where as a foreclosure or bankruptcy can take 7-10 years.
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YES. You will not have to more out until the closing. In fact, if you are facing foreclosure and we are actively working with you bank, we can typically get your lender to delay the foreclosure proceedings and make it possible for you to stay in the home for some time.
Click Here to contact us! (877)737-4903
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Are there any dangers to be aware of when working a Short Sale?
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Can my current Realtor work a short sale on my home?
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YES! There are many "sharks" out there, who can create more harm than good in many cases. Beware of investors if you are in financial hardship or facing foreclosure! Please do the research, and if you don't use our team to be of service, be VERY cautious selling to an investor. Never sign a quit claim deed, power of attorney or a $10 option to purchase your home without consulting an attorney. Please note that we are NOT investors, we are here to look out for YOUR best interests in the sale.
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NO, unfortunately not in many cases. A short sale is NOT part of the Realtor "basic training", and most Real Estate agentslack the experience and skill required to execute one properly. The results can be disastrous! An experienced Short Sale Realtor knows how to make deals happen, when inexperienced agents make foreclosures happen.
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SHORT SALE REALTORS, NOT INVESTORS!
We understand this may be a very difficult and stressful time for you and your family. Our job is to get rid of your headaches and help make things go as smoothly as possible for you. We are a nationwide network of Real Estate professionals who are very experienced in working with lenders in this highly specialized process.
Contact us for more information and a free consultation!
Click Here or call toll free at (877)737-4903
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Chat with us NOW!
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Live "Chat" - Click the logo!
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FREE Services we provide! FREE
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We will discuss your situation and explain all of your options with you in detail, a short sale is NOT the best option in every case.
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One of our local Realtors will coordinate an aggressive marketing plan to attract buyers to your home and help get it SOLD!
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One of the Real Estate agents in our network will work directly with your lender to negotiate the short sale, as well as do all of the processing involved!
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Provide you with all of the forms and documentation that are required from your lender in order to process a short sale.
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- Connect you with one of our local short sale specialist real estate agents to process your short sale and list your home on the market.
- If required, our agents can sometimes also offer tips and suggestions to delay the foreclosure process while working with your lender, and possibly keep you in your home longer.
- Work to get you forgiven of your debt and the loan deficiency! This will keep the lender from being able to come after your other assets.
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Remember, our services are FREE to you! Fees are paid by your lender!
SHORT SALE REAL ESTATE AGENT NETWORK
Nevada Short Sales Realtors, California Short Sale Realtors, Short Sale Real Estate Agents in Arizona and Short Sale Realtors in Florida, Michigan Short Sale Realtors, Short Sale Specialist Realtors in Georgia, Ohio Short Sale Real Estate Agents, Colorado Short Sale Realtors, Short Sale Specialist Real Estate Agents in Illinois and Indian Short Sale Realtors, New York, New Jersey Short Sale Realtors.
Wherever you are in the country, we have agents close to home in our network!
Please give us a call at (877)737-4903 or fill out the form below for a FREE, confidential, no obligation consultation to discuss how we may be able to serve you. Time is of the essence when it comes to short sales. Our response time for your consultation is typically the same business day!
