Short Sale

Short sale happens when the lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss.

Why Do Banks Accept Short Sales? 

Once a property is taken by the bank through the foreclosure process, this property becomes a liability for the bank, not an asset. If the bank takes the short sale it can write off the loss and clean up the books.

What Are The Benefits Of The Short Sale To You The Seller?

• Stop foreclosure
• Save your dignity
• Avoid making house payments you no longer can afford
• Save your credit
• Avoid regular seller expenses. The bank will pay a realtor's commission, closing costs, etc.
• Get back your peace of mind

How Short Sale Affects Your Credit

When sellers have a home go through short sale, they typically lose 50-100 points on their credit rating. The sellers may wonder about their future home buying power after a short sale as well. Even after losing some of their credit rating, the sellers can typically buy another home in about two years at a good interest rate. Only the late mortgage payments get reported when a homeowner undergoes a short sale.

You can really get out of foreclosure with your credit score and esteem intact. All you need to do is to follow our system for competing a Short Sale with the bank.  

It all starts with your FREE CONSULTATION with the specially trained Pre-Foreclosure consultant. Call Natasha now at 978-500-0926.

NO COST | NO OBLIGATION | CONFIDENTIAL