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)   advice, short sales, forclosures  

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

AUG
07
2007
129,490 Points 1 Featured Post Outside Blog

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.

 
3:30pm • #1
Thanks for the coment
Jody
3:41pm • #2

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Jody Orns

Fort Lauderdale, FL

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Charles Rutenberg Realty

Cell Phone: (954) 673-9222

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