Free Short Sale Brochure
Thinking Of Selling?
Is your mortgage amount higher that the current value? Doing a short sale may be a realistic alternative to foreclosure!
We have all heard of the horror stories being circulated about short sales. While some are true, the environment has changed and many mortgage servicers are focused on short sales. Loan Servicers are being encouraged by the government to seriously work with their customers in this form of selling.
A primary reason is that research has shown that they net a higher return as opposed to conducting a foreclosure. A word of caution, not every lender is really focused on this quite yet. Response times will vary.
Something else to consider, experts say that your credit score will not be damaged as badly if you short sell as opposed to letting your home be foreclosed.
IMPORTANT:
If you are a homeowner thinking about short selling, it is important to consult with your tax and or legal advisor to see how this would financially impact you.
It is also important that you have a licensed real estate broker/agent that is committed to follow up and provide timely communications.
A steady flow of information will help ease concerns of both the buyers and sellers involved in a transaction. At our brokerage, we work with communication tools such as email, text, mobile phones, and voip to stay in constant touch with our clients.
