What Is A Short Sale ?

What is a Short Sale? A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure, auction, or bankruptcy.

A lender may be willing to accept a lesser amount than owed. We specialize in short sale transactions by re-negotiating the loan amounts of your property with your lender(s) allowing you to resell the house at a price suitable for all parties involved. At the end of the day you can possibly walk away with the accounts settled and move on with your life. Many homeowner’s whom are facing foreclosure tend to be “upside down” on their property; meaning they owe more than the property is worth, or cannot afford to sell their property and pay all costs associated with selling.

This is when a short sale is most appropriate. When we complete a short sale for our clients, most homeowners are not issued a deficiency judgement, do not usually come to the closing with a seller contribution (no out of pocket money) and all costs are paid through the proceeds of the sale. Many of our clients that short sale their property are able to purchase a new home within 1-2 years.
Have more questions regarding What is a Short Sale?
For more information or to have any questions answered regarding the short sale process, regardless of where you live, feel free to contact Adam Raizin directly at: 561-856-1234. If it’s easier to ask about What is a short sale or any other questions regarding real estate… feel free to email at: AdamAndHandsome@aol.com.

What Is A Short Sale ?