WHAT IS A SHORT SALE OF A PROPERTY?
A homeowner is "short" when the amount owed on his/her property is higher than the current market value.
A homeowner pays NO fees or commissions to do a short sale.
A Real Estate Agent preferably one who is certified as a Short Sale Specialist - lists your home for sale at market value and negotiates on behalf on the homeowner with the lender to accept the difference. The Real Estate agent handles all phone calls and interventions with the lender.
The lender/bank pays all fees and commissions associated with the sale of the property and the homeowner walks away with zero proceeds.
A short sale has far less consequences on your credit rating and future purchasing of a home than a foreclosure.
The New HAFA program is promising homeowners $1,500 towards moving expenses if a short sale is completed. In addition to a lender receiving a bonus for accepting a short sale.
We are certified Short Sale Specialists - Please call us today to discuss your options.
Teri & Steve Goldbaum 818-515-2006