Short Sales have become a necessary step for a number of homeowners who may be encountering a number of different circumstances and need a way to get out of their current property. Short sales can be the right option for people who have experienced a job transfer, job loss, change in family (divorce, death, or even birth), or even the "declining market" can serve as a "hardship" to allow a home owner to have their lender agree to a short sale.
Short sales are not "short", they simply mean that the amount the property is sold for is "short/less" than the amount owed on the property. Unfortunately, many agents who do not know the in's & out's of the process can do more harm than good b/c they waste critical time, lose possible buyers out of frustration - delays, lack of communication, etc. It is critical that if a seller wants to consider/evaluate the short sale process that they utilize someone who has the systems in place to navigate the process with professionalism, clarity, persistance, & the ability to be solution-based.
Thankfully, I've been blessed to have these systems in place of managing the systems, paperwork, & consistent communication among all parties that help to ensure the short sale takes place, the seller is able to move on without worrying about this financial burden or having to foreclose and destroy their credit score.
If you or anyone you know needs assistance with a short sale in the Metro Atlanta Market: Fulton County, Dekalb County, Cobb County - I'm here to help. There's a HUGE difference between agents who "hope they'll get the short sale approved" "and market the property - "subject to bank approving the short sale" and those who have the ABILITY to say "SHORT SALE APPROVED CAN CLOSE IN 2 WEEKS". It doesn't matter if it's a home, townhome, or condo.
If you work with an agent capable of clearly navigating the short sale mindfield - they will get the property sold, and it tends to be within a VERY SHORT period of time after going "live" on the market, unfortunately others sit, improperly positioned, marketed, and lead to the inevitable - foreclosure or being stuck with a house the homeowner can't afford and sucking them of their life savings. I'm here to help make sure that doesn't happen to you or anyone you know.
I'm happy to help evaluate if this is the right situation for you. It's not for everyone & will help lay out the pro's and con's objectively because there are definitely circumstances where it's necessary and others where it should be dismissed. Just call me at 404-310-8364 or email me at mike@michaelneville.com for more details.
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