What is a short sale?

If you are more than 6 months behind with your mortgage payments, chances are you will not be able to catch up. I negotiate with the bank to allow you to sell your house for LESS than the full amount owed. This is called a short sale. The house is either being sold to a private buyer (if the house is in fair condition and can be approved for a mortgage), or to an all-cash investor (if the house in NOT in good condition and cannot be approved for a mortgage).

 

What is the advantage in a short sale?

It enables you to sell your home and eliminate any outstanding mortgage payments. You are literally getting rid of your bad mortgage and opening a new page in your life. After the short sale is complete, I send my clients to a credit repair company which assists them in the process of restoring their credit.

 

Especially in today's market, the sooner you start the short sale process the better it will be for you. If you wait too long the bank may expedite the foreclosure process and you will find yourself with an auction date scheduled to sell your property.

 

As long as I have your full cooperation and receive all necessary documentation in a timely manner, I will have your short sale approved. However, most importantly, I need your patience. The short sale process takes time and you must understand from the start that the banks cannot be rushed or pressured.

 

Call me - I will meet you at your house, evaluate its condition, and advise you on how to proceed in a way which is best suited to you and your specific situation. My consultation is free and my services are free - I will NEVER ask you to pay me. Once the short sale is approved, the bank pays me out of the sale proceeds.