Cape Coral Short Sale - Are you qualified to sell your home as a short sale?
Are you upside down on your primary residence or 2nd home and need to sell? Have you stopped making mortgage payments because you really can not afford to do so? Selling the home as a short sale may be the answer.
A Short Sale is when your mortgage holder agrees to accept less money than the amount actually owed on the mortgage. A short sale can be successfully negotiated. Lately, the mortgage lenders have been accepting more short sale contracts and statistically more short sale purchases have been closing. Some lenders are easier to deal with than others. The seller must proper and convincing documentation to the mortgage lenders that they can no longer afford to make payments. The property value must have fallen below the amount of the loan.
If the mortgage lender approves the short sale, the home can be sold without the seller having to come up with cash to cover the shortfall. The mortgage is satisfied.
How do you get started if you think you may be able to sell your home as a short sale? First of all, contact me so we can discuss your homes selling potential. If you decide to move forward with the sale I will list and market your home to the highest profession standard. At the same time, get your financial information organized and write a hardship letter. You will also have to sign a release to RL Towns Consulting. This is a professional negotiating firm that I prefer to use. The actual negotiations start with the offer.
You can expect the negotiation to take 3 to 6 months. Success depends on the seller's cooperation with the negotiator and the buyer's willingness to wait through the process.
Don't hesitate to contact me if you would like to sell. How will i work for you? See my client testimonials
www.incredibleagents.com
Barbara Klare
Gulf Coast Realty
cell: 239-292-1358
e-mail: bklare@comcast.net
www.cape-coral-foreclosure.com
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