Carlton House, Reston, VA short sale expert Dan Rochon of Dan and Traci & Consultants with Keller Williams Realty shares information about what is a short sale. A short Sale is when the homeowner owes more on their mortgage more than what the property is currently able to sell for in today’s Real Estate market place. This can occur for many different reasons. Equity lines of Credit where the homeowner takes money out of the equity of their home to pay off bills to an amount greater than what the house can sell for including closing costs. Short Sales are many times one of the first steps in the Foreclosure process. A Short Sale is definitely, a better option for the homeowner than foreclosure in Carlton House, Reston, VA.
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. Find a short sale realtor in your area. Together, you can identify all possible options and, when possible, a short sale realtor can assist you in the quick execution of a short sale transaction.
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