Foreclosure not your only option.  Let me help you avoid foreclosure and negotiate with lender on your behalf

WHAT IS A "SHORT SALE"? 

 A "Short Sale" occurs when a bank or mortgage company agrees to accept a payoff of a mortgage for less than the home owner owes on the property.  The bank has agreed to accept less than the owner owes because the seller has demonstrated they are in financial hardship.

What is the advantage of Short sale to a seller: Avoid foreclosure.

 Banks or mortgage companies will require some documents from sellers to determine if they are genuinely facing hardship. Some of the documents they may request are

-         I month current pay stub

-         2 months bank statement

-         2 years W-2

-         2 years Tax return

-         Hardship letter from sellers

Some banks and mortgage companies may request that sellers take promissory note for some of the loss they will be taking.  The short sale process can take anywhere from 3 months to 6 months depending on the bank and or mortgage company. The process may further be complicated if the property has multiple liens.

Short sale process takes diligent, hard work and attention to details so you need someone that has the experience to deal with the bank and mortgage companies.  If you are ready to start the process fill out the form below and I will contact you shortly.

P.S : Before you commit your house to short sale ask your agent for references for the closed short sale successfully completed.