Short Sale Benefits
We specialize in the sale of homes that are equity deficient - homes with loan balances at or above the home's value.
Homeowners across the country are finding themselves faced with very difficult decisions because their mortgage balance is higher than the value of their home. If you find that you need to sell your home and your loan balance is too high, what do you do?
That's where we can help!
We help homeowners by working out a solution with the mortgage holder that allows the home to be sold.
The Benefits
· Your home gets sold and the mortgage is fully paid off. The mortgage lender accepts a discounted payoff. The homeowner gets a full release from the lender and is not financially responsible to repay the loss the lender takes.
· You have no out-of-pocket costs. The sales costs – commissions, title and escrow fees and most repair costs – are paid by the lender.
· Your credit record is protected from a foreclosure and the massive credit damage that goes with it.
· You can move forward with your life without having to worry about your house and your mortgage.
· The homeowner has control over the timing of the transaction and their move from the property.
· An amicable solution to a difficult problem. The homeowner’s win by getting the home sold, getting the loan paid off and having the ability to move forward without a foreclosure on their credit. The lender wins by saving the added expense of the foreclosure process.