Short Sales

Are you a homeowner on the verge of a foreclosure and have questions about doing a short sale? You're not alone. recent statisics show 1 out of 5 homeowners in the U.S. are in the same situation. Admitting you need help is one of the 1st courageous things to do. After admitting you need help you can now take action, find a professional who you can work with toward a solution.

Banks really don't want to foreclose on property because the process is very costly to them. If you qualify for a short sale, it will most likely be considered.

Lenders are looking for verifiable hardship, monthly cash flow shortfall or pending shortfalls or what seems to be something unsolvable.

There may be enough time to negotiate a short sale before foreclosure. While a short sale may be very timely, foreclosure is also a process, and there may be time to make decisions that may result in better outcomes.

Short sales are difficult to execute and homeowners do need to learn about the process. Remember, a short sale is not impossible.

Banks are trying to do what they can, within reason, to avoid foreclosure. So before thinking that a bank would deny a short sale, ask them.

There are many potential buyers out there that are very interested in looking at short sales as well as foreclosures, even before they look at sale of private owned properties.

I wish the best for you.