What is a Short Sale?
A Short Sale is the sale of a home in which the amount owed to the Lender(s) is more than the homd can be sold for (lack of equity).
A professional negotiator has the Lender(s) agree to accept less than the amount owned to the Lender(s) as a payoff amount.
When the home is sold through the Short Sale process, the Lender(s) benefits in that they do not have to deal with either the cost or timely process of foreclosure.
The seller benefits by getting the home sold and avoiding foreclosure. Homeowners who wish to select a short sale for their home must be aware of all potential ramifications that may take place and weight the pros and cons between foreclosure, short sale or bankruptcy.
Remember Lenders may not forgive the entire debt .
As a Certified Short Sale Negotiator, I will share all potential hazards with you in detail at NOT COST to you. Listing your home for a Short Sale is an important step but generally preferred over letting your home go to foreclosure or even bankruptcy.
Raymond Kowantz
HomeSmart Real Estate
Office: 480-749-6040 Toll Free: 888-670-3775
