short sale packet
DESCRIPTION
Overview of Short Sale Process By local expert.TRANSCRIPT
- 1. Home Selling Services Information
Your Complete Guide To The Short Sale Process Selling Your Home With No Equity
Robbie McCarty
Keller Williams Realty
Robbie.YourKWAgent.com
Cell: (757) 374-0005
Office: (757) 673-7488
Fax: (757) 673-7499
[email protected]
2. General Short Sale Information
What is a Short Sale?
A short sale is when your lender allows you to sell your home at a
loss, and accepts less than what you owe on the property as a
payoff
The reason lenders allow home owners to do this is because they do
not want to foreclose on properties.They would much rather allow
the property to transfer to a new buyer, without having to take
ownership.
A short sale is really a win-win for you and the lender
3. Benefits of a Short Sale
- You avoid foreclosure or no longer have to own a home that is a financial drain
4. You avoid the negative affects that bankruptcy or foreclosures have on your credit 5. You avoid the costs of selling a home with negative equity 6. Your lender recoups the market value of your home 7. Your lender no longer has an at risk loan and does not have to take ownership in case of foreclosure 8. You can move on with your life instead of feeling like you are stuck in your home