The Short Sale the exit strategy that can help out some homeowners?
I call this “The rescue from a foreclosure”
All the homeowners who are upside down and can no longer make their mortgage payment (because of either a job loss, divorce, health problem and bills, or even an option ARM that’s resetting higher), up to now the only option was, well, letting the bank foreclose.
That’s not a good option since a foreclosure sticks on your credit record for at least 10 years. Some experts are now advocating a “short sale.” This is a case of a distinction with a difference:
You hire a REALTOR® “ME & My Team” we talk to your bank.
If your bank agrees to a short sale.
We then find a buyer for the house.
You sell the house for a loss and with the bank’s blessing, the bank agree to take the loss as well as all the closing costs and all the commissions.
How does this sound to you?
I guess like most of the people, very interesting.
The last 6 years we have been involved in many short sale real estate transactions, and know well how this works.
Should you, your family, your friends or neighbors are in a similar situation and need to know more details, please let us know, we shall be happy to meet with you or them for a free, without any obligations and highly confidential consultation.
Here The 7 tips to a successful short sale Don’t waist valuable time and get smarter, find out your options! Call us NOW use the Call Me button on your right. Or just e-mail us
Sincerely
Timo Yannopoulos CRS, GRI, WHS, e-PRO, Diversity REALTOR®
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved