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Thousands of Foreclosures in Jefferson County KY Can Be Avoided With Short Sales

By
Real Estate Agent with Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827

What is a short sale?

  • The seller avoids foreclosure because the lender accepts an amount SHORT of the amount owed.

What's the process?

  • The lender requires the house to be listed with a Realtor who specializes in short sales.
  • The Realtor procures a buyer who makes an offer.
  • Once the offer is accepted by the seller, the Realtor presents it to the foreclosing lender with additional required documentation.
  • Once the short sale offer is accepted by the lender, the buyer closes on the house.

Who pays the Realtor commission?

  • The short sale lender pays the Realtor's commission so the seller doesn't have to.

Thousands of homeowners in Jefferson County lose their home to foreclosure because they do not try the short sale option.

This is real! Too many times sellers have told me they didn't even try because they thought it was impossible to sell their home. The banks want to settle with a short sale. They do not want to own your home because it is too costly and risky for them.

Please call Dave Halpern at any time for further information.

Comments (1)

Mario Gattavara
Coldwell Banker Lifestyle Properties - Oroville, CA
(Lake Oroville Area)

Short sales are an awesome way to recapture your credit score!

Set your self up for the future. Turn a bad into a good!

Good luck & success to you Dave!

Oct 14, 2010 04:16 AM