The Future of Short Sales
When does a Short Sale Make Sense? From Townhomes to Multi-Million dollar estates, here are a few reasons a short sale may be best for you.
The loan balance on your property is greater than the value of your home.
May remove this debt from your debt balance sheet and is much better than a Foreclosure allowing you to re-enter the market in 0-2 years.
You may be able to stay in your home longer and have more flexibility when choosing a settlement date. Most Lien Holders pay the settlement fees on your behalf eliminating needless worry.
Liens, Judgments, and/or deficiency amounts can be negotiated while in escrow, including IRS and Franchise Tax Liens.
Your loan modification was denied. Your principle reduction was denied. And your Loan servicer has been slow to respond to your inquiries.
You have already damaged your credit because your loan servicer told you that you had to be delinquent by so many months to qualify for the loan modification program. So, now your credit is damaged and you still owe more than what your home is worth.
And lastly, you work, have a family and do not have the time to sit on the phone with your bank for hours trying to resolve this.
If you have made a virtual check-mark in the above boxes, then you are at the right place. Short Sales can be difficult, time-consuming, stressful and if you do not know what you are doing - dangerous!
Rebecca Keeney has successfully processed numerous short sales her entire career. She has streamlined the process so as to lessen the burden for her clients. She is highly proficient in the documents required and prepared for worst case scenarios.
To lea more about the processes involved in successfully completing a short sale, contact Rebecca Keeney direct at [email protected] or call direct at 757-737-3498.
