Short Sale: Basic Understanding
| In our recent declining Real Estate market, many homeowners now owe more than the current value of their home. Some Banks and/or Lending entities will accept less than the mortgage balance is as a “Short” payoff. There are numerous situations where folks can no longer afford their mortgage. Others may be having to relocate due to a job transfer, etc... Short Sales are becoming more and more popular as Banks utilize the “Short Sale” process to avoid the costs (both time and money) of Foreclosing. | |
Be careful from the so called Short Sale “Expert,” as current legislation requires licensed attorneys to negotiate. We work closely with a legal team throughout the process to make sure the Short Sale is handled correctly, and as painless as possible. We understand that this is a difficult situation to begin with and do what we can to keep the risk to a minimum. Certain situations may present other options, and we want to make sure you have all the facts and can decide on which option works best for you. |
There is a difference between "facilitating" a short sale and "negotiating" a short sale. Ask the question, "are you interested in selling my home or are you working for my best interest?" |
If a Real Estate agent tells you they can negotiate a Short Sale for you... RUN!! Here at T.R.E.A.T., we’re here to sell your home for the highest and best price, guide you through the process, and keep you LEGAL! |
To get started with a short sale, call us today at 404.580.3433
