Short Sale
We have the experience with 100’s of short sales, and pre-foreclousres. We are certified (SFR) Short Sale and Foreclosure Resource
A Short Sale is an agreement in which your mortgage lender agrees to accept a payoff on the loan for less than the balance. Many lenders help agree to a short sale because they receive more of the loan balance in comparison to the amount they would gain from selling the property following a foreclosure. This process also aids in maintaining the home values in the community the property is located and helps the homeowner maintain a better level of credit compared to a foreclosure. In most instances, home-owners considering a short sale must be behind in your mortgage payments, provide evidence of economic hardship, and have little or no equity in the property.
A Short Sale is not a typical real estate transaction. Most real estate transactions involve the home seller and their real estate agent, the buyer and their lender, and their real estate agent. In a short sale situation, all of those parties in addition to the seller’s loan servicer, a housing counselor, any junior lien holders, mortgage investors, and insurers may be involved too.
With so many parties involved in a short sale, the process can be difficult to complete without a qualified Realtor to help guide you and act as a liaison between all of the parties involved. You will want the advice and expertise of a Realtor who has your best interests in mind and will expedite the short sale transaction. It is essential to have a Realtor who won’t allow you to miss a detail that could delay closing the transaction in a timely manner and to the specifics required by all parties involved. We can help save your Credit and we have the experience to help you in any type of Situation Call right now 610-331-7213
A Short Sale is an agreement in which your mortgage lender agrees to accept a payoff on the loan for less than the balance. Many lenders help agree to a short sale because they receive more of the loan balance in comparison to the amount they would gain from selling the property following a foreclosure. This process also aids in maintaining the home values in the community the property is located and helps the homeowner maintain a better level of credit compared to a foreclosure. In most instances, home-owners considering a short sale must be behind in your mortgage payments, provide evidence of economic hardship, and have little or no equity in the property.
A Short Sale is not a typical real estate transaction. Most real estate transactions involve the home seller and their real estate agent, the buyer and their lender, and their real estate agent. In a short sale situation, all of those parties in addition to the seller’s loan servicer, a housing counselor, any junior lien holders, mortgage investors, and insurers may be involved too.
With so many parties involved in a short sale, the process can be difficult to complete without a qualified Realtor to help guide you and act as a liaison between all of the parties involved. You will want the advice and expertise of a Realtor who has your best interests in mind and will expedite the short sale transaction. It is essential to have a Realtor who won’t allow you to miss a detail that could delay closing the transaction in a timely manner and to the specifics required by all parties involved.
Coming soon:
www.phillyshortsale.com
