Short sales are becoming more popular. They are a favorable alternative for homeowners who can no longer afford to pay their mortgage. This gives buyers, especially first-time buyers, the chance to get a great deal on a house. However, while a short sale can be great for a first-time homeowner., there are more steps involved … (1 comments)
short sale agent in charlotte nc: What Should You Do If Your Short Sale Is Denied?
- 02/28/21 07:41 PM
A short sale is like a saving grace for many homeowners with financial hardship. It allows you to escape with less of a hit on your credit rating if you are unable to pay your mortgage with less of a hit on your credit rating. However, it is a long and strenuous process. Without proper guidance, it is very possible to make a wrong step. This has the potential to jeopardize the entire process. In cases like this, the bank may not bother reaching out and may deny your short sale request.
If your short sale is denied, it is important to … (3 comments)
short sale agent in charlotte nc: Why Do Short Sales Take So Long to Close in Charlotte NC?
- 02/28/21 07:11 PM
A short sale occurs as an alternative to foreclosure. It involves three major parties. A buyer, a seller, and a lender. The time it takes for the seller to find a buyer can increase the length of time to close the sale. Even when this has been done, it is subject to the lender's approval. The lender is bound to take a loss. They will make sure the buyer's price is the best they can get and that the seller truly can't pay.
A short sale always involves a lender taking a loss on what they owe. Due to this, they will … (0 comments)
short sale agent in charlotte nc: Why Do a Short Sale in Charlotte NC?
- 09/23/20 06:33 AM
Are you facing foreclosure? You might have heard that a short sale could be a possible solution to your problem. While selling your Charlotte NC home as a short sale is not ideal, many argue that it’s the smarter move.
While losing your home is never easy, a short sale is by far better than facing all the devastating effects of a foreclosure. With a short sale, your bank or lender allows you to sell your home for less than what you owe. The expectation is that, if the home sells, the lender will recover much of the homeowner's debt. This saves … (1 comments)
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Many first-time buyers never consider buying a short sale home. It’s a shame too, considering that new homeowners can save a lot of money this way. For a first-time buyer in Charlotte, NC, a short sale is a great way to stay within their home buying budget.
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