SHORT SALESHORT SALE

What is a Short Sale?? 

Essentially a short sale is the bank / investor agreeing to take less than what is owed (payoff) on the home.

Wiki-pedia definition:

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.

A short sale is often used as an alternative to foreclosur because it mitigates additional fees and costs to both the creditor and borrower; however both will often result in a negative credit report against the property owner.

Don't wait until it's too late. If you have a Foreclosure sale date!

...don't hesitate, let us work with you to   the Foreclosure.

FACT: According to the National Association of Realtors an estimated 15 million home owners are underwater on their home values. A large number of home owners are behind on their mortgages due to high interest rates on their adjustable rate mortgages. This has resulted in payments no longer being affordable to the home owners and in danger of being foreclosed on.

There are many options available to the home owners. Forbearance, deed in lieu of foreclosure, loan modification, short sale. Banks and Lenders are working with homeowners to keep home owners in their homes in some cases. In other cases banks are willing to allow the home owner to sell their home for less than their payoff amount, or short sale.

Each situation is different; but the good news is, their are more options available today than their were in years past. We can sit down with you and evaluate what option may be best for you in your situation. These options are far better than to have your home foreclosed on. We can work with you to accomplish your individual goals and keep you in your home, or short sale your home to another buyer and avoid foreclosure.

There are a lot of agents that offer short sale services, and many to chose from. It is important to choose a competent and knowledgeable agent. Our team of trained professionals has many years of short sale experience and current working relationships with many of the major banks.  We are experts with the process, and bank negotiations. We will walk with you through the steps, all the way to closing to make the process as painless as possible.

MAKE A REQUEST FOR HOME OWNER ASSISTANCE TODAY!

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Here are a few programs that are alternatives to Foreclosure Bankruptcy, and Short Sales. These advocacy groups will work with your lender on your behalf to work out a loan modification for you to reduce your payment and interest rate and keep you in your home!

	Making Home Affordible
	NACA Save the Dream Program
	HAFA Home Affordable Foreclosure Alternatives (HAFA) Program