What Real Estate Agents need to know about SHORT SALES part 1.

 What is a  Short sale ?  Lender is willing to take less then what sellers  owe  just to close the deal.

Its a win win opportunity for the seller.

• seller stays in property longer.
• smoother transaction
• 0 proceeds to seller-seller does not owe bank money either.
• no defiency judgements

 The process with the seller.

• Creative offer from 3rd party
• avoids forclosure on credit
• may avoid bankruptey
• less worry- no padlock on door.

Top Short sale opportunities for Real Estate Agents.

• Health issues
• Lis Pendence
• divorce
• loss of jobs
• 2 house payments
• distressed sellers
• Forclosures