What Real Estate Agents need to know about SHORT SALES part 1.

 What is a  Short sale ?  Lender is willing to take less then what sellers  owe  just to close the deal.

Its a win win opportunity for the seller.

  • seller stays in property longer.
  • smoother transaction
  • 0 proceeds to seller-seller does not owe bank money either.
  • no defiency judgements

 The process with the seller.

  • Creative offer from 3rd partyConsidering a Short Sale?
  • avoids forclosure on credit
  • may avoid bankruptey
  • less worry- no padlock on door.

Top Short sale opportunities for Real Estate Agents.

  • Health issues
  • Lis Pendence
  • divorce
  • loss of jobs
  • 2 house payments
  • distressed sellers
  • Forclosures
 
Posted by Jody Orns on 08/07/2007 03:14 PM   Comments (2)   , ,  

2 Comments on What Real Estate Agents need to know about SHORT SALES part 1.

I have been working with short sales for awhile and they are not very fun, but you can make a few bucks which is nice,

J.

 

08/07/2007 03:30 PM by Jeff Kessler ABR,GRI, Texas 512.801.5666 (Keller Williams Realty)

Thanks for the coment

08/07/2007 03:41 PM by Jody

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Real Estate Agent: Jody Orns (Charles Rutenberg Realty)
Jody Orns
Pompano Beach, FL
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Charles Rutenberg Realty

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