Short Sale - For You?
What is a Short Sale?
A Short Sale is a pre-foreclosure sale of property whereby a lender agrees to release its lien against a property in exchange for less than the full amount owed, so the property can be sold, as an alternative to foreclosure. Negotiations are by the Buyer or Buyer's Agent and often used when there is little or no equity or the house is worth even less than what is owed on it.
How Could a Short Sale be of Benefit?
Foreclosures become very expensive for lenders when they must go through the entire process with attorney fees, possible repairs, etc.
Some lenders are not open to Short Sales but no one knows until we try!
If you can say YES! to any of the following, then a Short Sale could be the solution for your real estate dilemma:
- Are you behind on your house payments?
- Do you need money fast?
- Does your home need repairs?
- Do you have bad tenants?
- Do you have little equity in your home?
- Have you lost your job?
For more information on Short Sales and
how a Short Sale can work for you, Click Here!
