What is a short sale? A short sale is when you are trying to sell your home for less than what you owe the bank.
Why short sale your home? If you are struggling to make your monthly mortgage payment, relocating for a job, have a reduction in your salary or have experienced any other type of hardship then you would be a good candidate to short sale your home. If you have already received your foreclosure notice, IT IS NOT TOO LATE. I have helped people postpone their foreclosure and short sale their home.
I have heard horror stories from friends or family that have short sold their home. Why are you different? Not every agent is the same and no situation is the same but one thing is certain, in order to get a short sale approved, you MUST be in constant communication with the bank/lender and not wait to hear from the bank. I have partnered up with a company that dedicates 100% of their time to negotiate with the banks. We provide at least weekly updates on the short sale process, in constant communication with the banks and we see results! Typically we see a 95% success rate with our short sale files that receive approval from the bank and close prior to a foreclosure sale. Most of our transactions close within 60-90 days.
Why short sale versus foreclosure? When you short sale your home you are normally not liable for the deficiency, or the amount that they bank is discounting. When you go through with a foreclosure the bank still has recourse to pursue the borrower for the deficiency.
I can’t afford to pay commissions or retainers. Great! We do not charge anything to short sale your home. Banks agree to pay the commissions and we do not charge you any type of retainer fee. There are some banks and programs out there that actually will allow a “seller relocation assistance” or “cash at close” for when you short sale your home.
I would welcome the opportunity to sit down with you or talk over the phone to discuss how a short sale can benefit you if you find yourself in one of these situations.