What is a Short Sale?
You’ve probably heard it on the news, read it on the internet, or know a friend or two who are doing it. What, exactly, is a Short Sale? In a short sale, a homeowner who cannot keep up with their loan asks the lender to take a dollar amount less than what is owed on a home’s mortgage, and forgive the remainder of the unpaid debt.
So if a borrower has a mortgage balance of $250,000 and finds a buyer who will pay $150,000 for the house, the lender agrees to accept that $150,000 and close out the loan.
Ideally in a short sale, everyone wins. Borrowers avoid the ugly foreclosure process that destroys their credit, while lenders recoup more of their costs than they would by spending the time and money it takes to foreclose and resell the property.
If you are in default or run the risk of foreclosure, we would like to offer you our services to show you that there ARE options other than losing your home.
Have you considered short sale?
As short-sale experts, we have helped many homeowners who thought that foreclosure was the only option for them, and take great pride in what we have accomplished so far.
We have highly qualified buyers ready to purchase a home right now. With our team of dedicated experts, and well-placed marketing and advertising, our listings sell in the shortest amount of time with the least inconvenience to you. On average, our homes are under contract in 30 days or less.
Let me help you understand the many options you have.
Each situation is unique and we can provide you with a FREE, unbiased opinion that can help you make the right decision. Please call or e-mail me anytime to make an appointment for a no obligations market consultation. To request for your FREE Short Sale Packet, please click here .
If You Have Asked Yourself Some of These Questions, it’s Time for You to Call Us!
I owe more than my home is worth. Am I eligible for short sale or is my only option foreclosure or bankruptcy?
I want to do a short sale but I have a 2nd mortgage, does this make me ineligible?
Do I have to stop making payments? When should I stop making payments?
Do I first try to do a loan modification? How do I qualify?
Is a short-sale a better option than foreclosure? Why can’t I just walk-away from the house?
Will the bank forgive all or some of my debt?
How will a short sale affect my credit?
If I short-sale my home, will I be eligible to buy another property in the future?
I don’t want to move. Can I short sale and lease back my property?
Will I still have to pay taxes if I do a short sale?
You May Have More Questions
We cannot stress enough that each situation is different, and it isn’t simply Yes-No answers. Take the time to talk to a qualified short-sale expert. The circumstance that you as the mortgagee and your lender/s as the mortgager are in will determine what the best course of action is for you. As in any financial transaction, we advise you to consult with a tax professional. We work with some of the best in the industry and more often than not, we have solutions for most situations. Please call us today at (702) 285-1990 to see what we can do for you. Chances are, we CAN help you.
Foreclosure Options Explained
President Obama’s Making Home Affordable Program can help struggling homeowners keep their homes by making their mortgage payments affordable. But the program will not help everyone. We at The Dulcie Crawford Group have helped many of our clients stave off foreclosure by analyzing each unique situation and recommending the best plan of action for your financial situation. Some of the options discussed below may hurt your credit scores but the effect will not be as damaging as if you were foreclosed on. As a certified Short Sales and Foreclosure Resource Specialist, we take the time to listen so we can help you the best way possible.
If you are not eligible for a Making Home Affordable Refinance or Modification, your mortgage company orHUD-approved housing counselor may suggest other options that are available to you.
These options may include
Be Alert to Scams
Scam artists follow the headlines, and know there are homeowners falling behind in their mortgage payments or at risk for foreclosure. Their pitches may sound like a way for you to get out from under, but their intentions are as far from honorable as they can be. They mean to take your money. Among the predatory scams that have been reported are:
Recently Sold Homes In The Las Vegas Valley
Find Out How We Can Help You!
With over 16 years of real estate experience, I have built my business through referrals. Our commitment is to our clients and our profession and we aim to be not just any Realtor but Your Real Estate Consultant!