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What is a Short Sale?
A short sale is a term used to describe a process in which a lender agrees to accept a lower payoff amount on a loan than what is owed.
What if the home's market value has dropped?
Comparable home sales must substantiate that the home is worth less than the unpaid balance due the lender. This unpaid balance may include a prepayment penalty.
What if the mortgage is in or near default status?
It used to be that lenders would not consider a short sale if the payments were current. That is not always the case. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems before they start.
What if the seller has fallen on hard times?
The seller must submit a letter of hardship that explains why the seller can not pay the difference due upon sale, including why the seller has or will stop making the monthly payments.
Contact us today for a free, confidential consultation to discuss your situation and to see how we may be able to assist you.
At Assist2Sell we have learned how to help you complete a successful Short Sale through experience and working as a team. We didn't learn from a book or take a class, we learned by actually working Short Sales. Take advantage of our experience and call us today if you need help with a real estate Short Sale. Call us at 410-964-2122. Ask for John or Todd when you call and we will help you with all your real estate needs. Or email us at Assist2Sell@mris.com today to speak to a local Short Sale expert.
Your Local Short Sale Experts
Assist-2-Sell We'll sell your home for as low as $3995!" "Full Service with $avings!"®
*Fee varies for homes over $250,000. Call for details.
* Commissions are not set by law. All commissions are negotiable.
Any comparisons to a percentage commission, such as 6%, are for illustration and comparison purposes only.
The information herein is deemed to be accurate, but not guaranteed. All information to be verified.
