"What Exactly Is A Short Sale, And, How Will It Benefit Me?"
-
A Short Sale is when the lender agrees to accept less for the property than is actually owed on the note and the borrower demonstrates a verifiable long term hardship
-
A Short Sale is not the same as a Short Payoff. A Short Payoff is when the lender agrees to release the lien (their interest) on the property and allow the property to be "conveyed" to a new owner. The lender agrees to accept less than the amount owed on the property to release the lien however, they extend a certain amount of "credit" to the borrower in the form of an unsecured line of credit or promissory note
If you're getting behind on your mortgage payment... And reconstructing your loan is not an option and neither is a Foreclosure...
No Equity In Your Home Or Property? You may qualify for a Short Sale!
A Short Sale may save your credit and embarrassment and you're able to move out of the property and get on with your life.
I am a professionally trained real estate broker who has been specifically trained on how to negotiate a settlement with your current lender(s) so you can sell the property and get out from under this burden. Best of all, my commission will be paid by the bank, so you won't have any out-of-pocket expense!
For more information on SHORT SALES, PLEASE CLICK HERE!
|