Pewee Valley, KY

Sellers who are “upside down” often try to sell their house by themselves through various FSBO methods. However, a short sale with a Realtor can usually get the house sold even if the seller can’t afford to pay a Realtor commission.

“Upside down” or “underwater” means there is more owed on the house than the house is worth. Lenders understand that sellers are upside down on their mortgage and they encourage short sales.

In a short sale, the lender accepts an amount SHORT of what is owed so the seller can avoid foreclosure.

Who Pays the Commissions and Closing Costs? Answer: The Seller’s Lender

The seller’s lender DOES NOT WANT TO FORECLOSE. It is too risky and costly for the lender. The lender does not want to own the house, they would rather settle and take what they can, even if they have to pay the seller’s closing costs and commissions.

Since the lender pays the Realtor commissions, selling For Sale By Owner, FSBO, or FiSBO unnecessarily causes the seller to scramble on their own instead of putting a short sale expert Realtor on their side to do all the work and get it done.

In Oldham County, call Dave Halpern at (502) 664-7827 for a free and friendly conversation about the benefits of a short sale and how it works.

Cities in Oldham County include:

Ballardsville, Belknap Beach, Brownsboro, Buckner, Cedar Point, Centerfield, Crestwood, Demplytown, Floydsburg, Fraziertown, Glenarm, Goshen, Greenhaven, Harmony Lake Estates, Harmony Village, La Grange, LaGrange, Liro, Oldham, Oldham Acres, Orchard Grass Hills, Park Lake, Pewee Valley, River Bluff, Rollington, Skylight, Westport

Dear Homeowner,

• If you are behind on payments

or

• You are current on your payments but anticipate falling behind

and

• You owe more on your house than what it is worth

then

Please do not despair. Your lender does not want to foreclose and they do not want to own your house.

They would rather settle and accept an amount short of what you owe then incur the cost and risk of taking your house.

Banks encourage short sales, which is good for the them and good for you.

It may seem hopeless and endless today. But a short sale can put you on the road to faster recovery.

Crystal Ball

Your future depends on the actions you take today. You can shape your future. A short sale helps homeowners avoid the stress of foreclosure. You SELL your house, not LOSE it.

The bank pays your closing costs and your Realtor commissions.

Please call Dave Halpern today at (502) 664-7827.

Free, friendly, professional consultation.

Please take the first step toward a more stable and peaceful future.

(Photo by Dave Halpern, taken in Shepherdsville, KY)