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Dorchester Short Sales

By Robert Nichols

Real Estate Agent with Boston Trust Realty Group

July 29, 2010 04:20 AM

In today's Dorchester real estate market short sales have become a common day practice. A short sale is the practice of selling a property for less than what is owed on the mortgage. The process is usually initiated when a seller decides to sell for one reason or another. Once the decision has been made to sell the property, the next step is finding an experienced shortsale Realtor to sell the property. The reason for hiring a Realtor is that the bank wants to be certain they get the highest and best offer on the property. The best part is that the bank will pay the total commission as part of the short sale. Once a Realtor is chosen and an offer is presented, your Realtor will present a short sale package to your lender(s). The lender will either accept or counter the short sale offer. It is important that you choose an experienced Realtor to perform your short sale. The process can take time and requires patience. The key to sstreamlining the process is to provide all of the documentation the lender needs as quickly as possible. I have preformed numerous short sales in Dorchester and can guide you successfully through the short sale process. It is important to note that the owner does not have to be behind on the mortgage in order to do a short sale. The benefits of a short sale include, debt forgiveness by your lender(s), credit restoration, and stress reduction. Below, I have listed some recent short sales that I have negotiated for Dorchester home owners over the past several months. If you are considering performing a short sale give me a call today at 617-448-5112. All of these home owners were able to get their debt for given and move

Dorchester Short Sale