Stop Foreclosure with a Real Estate Short Sale In many instances, it may be possible to avoid foreclosure by pursuing an alternative sales method known as a ‘Short Sale’. A Real Estate Short Sale is a process for selling a property for an amount that is lower than what is owed to the lender. Acting as your Realtor® and Short Sale Co-ordinator, I work to gain your lender’s approval to accept less than what is owed on your mortgage. A successful short sale will stop a foreclosure, and allow you to sell your house with dignity. You avoid the psychological trauma of foreclosure: no notices in the newspaper; no signs posted on your home with auction dates. You also avoid the damage a foreclosure will do to your credit. A foreclosure can stop you from purchasing another home for 10 years! In most cases, a short sale will not do that type of long term damage to your credit. It’s a misconception that banks want to take your home back. In most cases, a home acquisition hurts them too. Every unsold home is costing your lender time and significant amounts of money to upkeep. Sometimes the best solution for stopping foreclosure is a short sale. And…your lender pays all fees associated with the sale of the property, including the Realtor® commission! Short Sale Tips Short sale tips vary depending on if you’re a buyer or a seller. Sellers, obviously, are often trying to avoid foreclosures by doing a real estate short sale. The problem is they usually don’t know the steps or understand the complex process. As for buyers, they might wonder if there are any special requirements they need to adhere to when purchasing a real estate short sale. Either way, you can learn more about the process by visiting the pages below… Whether you are a buyer or seller, you’ll need the help of a competent and experienced REALTOR® who understands the current market, one who also has an in-depth understanding of the Real Estate Short Sale process. To find out more about stopping foreclosure and the short sale processes, or to learn about the short sale listings available for purchase, contact Marie Sweetland. Marie offers a FREE consultation via phone or email and can be reached at: 719-963-0616 or via email at: marie@MarieSweetland.com |