Are you familiar with short sale ?
Here are some important considerations.
Let’s explore the option of a short sale. Short sale applies when the homeowner owes more on the property than the current value. Regardless of the hardship, it is important to have a certified distressed property expert, like me, representing you in contacting the lienholder and negotiating the short sale.
Through proper negotiations, the lien holder can be persuaded to work with the owner, and approve a short sale. These negotiations begin after getting a bona fide offer, but only with proper representation. The lien holders must agree to take a short payment, and then release the liens on the title, so the sale concludes with a clear title transferred to the new owner. The short sale transaction not only avoids foreclosure, but it also provides immediate financial relief and is far less damaging to a credit rating than a foreclosure.
Is this an option for your real estate property? To see if you qualify for short sale, let’s meet to go over the details. If this is your situation, remember: timing is very important.
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