Is A Short Sale Right For You?

By
Real Estate Agent with TR Realty

Nobody wants to lose their house. But it IS just a house-you make it your home by the lives you and your family live-and you can do that wherever you are. And if you are facing a foreclosure, chances are that you'll probably end up having to leave. Let's see if a short sale is right for you.

If you don't want the crippling long-term damage to your credit from a foreclosure, than a short sale is right for you.  If you want to move on and get a fresh start than a short sale is right for you.  If you don't have the equity, money and credit to refinance than a short sale is right for you.  If your lender won't qualify you for a loan  modification than a short sale is right for you.  If you don't have the extra money to get caught up through a forbearance than a short sale is right for you.  If you don't want the stigma and damage of a deed-in-lieu-of-foreclosure than a short sale is right for you.

Folks, the truth is that facing a foreclosure just plain sucks. Let me and my team allow you to move on and get this behind you. Visit my website --www.endmortgagedebtnow.com ---my short videoclip will explain how we can help you the same way we've helped dozens of others facing the same situation as you are. For immediate assistance you may reach me at 425-446-1878.

No matter what you end up doing, you must take action. My best wishes to you.

Bob Sluys December 13, 2009

PS- I need to thank my colleague Jon down in Florida for reminding me that anybody facing a foreclosure should be advised to consult with a reputable attorney and their accountants to discuss any potential implication from performing a short sale.

 

Comments (3)

Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Bob,

I think there are more situations here, and there are more ramifications here, including tax ramification.

We already learned that short sale is not ALWAYS  a way to go, so I think a reputable attorney can better advise the client

Dec 13, 2009 05:14 AM
Bob Sluys
TR Realty - Las Vegas, NV
Returning Calls Since 2002

Hi Joe-

Thanks for your input. You are right in that a home owner SHOULD always consult with a reputable attorney. I'll add that to my post. As for the tax implication, there is the relief act which protects most home owners from tax liabilties on their primary residence. Deficiency Judgments are very rare here in Washington, and, we additionally write it into the contract with the lender that they waive the deficiency-if they don't, we advise our clients to simply let the foreclosure commence-and banks don't want that. Best wishes to you for success and thanks again for offering your valuable insights-Happy Holidays!

Dec 13, 2009 05:32 AM
Bob Sluys
TR Realty - Las Vegas, NV
Returning Calls Since 2002

Oooops= Sorry Jon- I called you Joe . . I'm being distracted by yet another bad performance by my beloved Seattle Seahawks!

Dec 13, 2009 05:36 AM