Palm Coast Short Sales: Why Should I Short Sale?

By
Real Estate Agent with Grand Living Realty
Palm Coast FL – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. When you are having a tough time financially, it may seem like you will never get back on your feet. But, most people do get back on their feet. They find another job and start making money again. Their credit will usually be back to normal in 2-3 years. Why not buy a new home at that time? If you short sale, then you will be eligible to do that. Fannie Mae will consider you for a new loan 2 years after a short sale. You would have to meet all of their credit guidelines and other lending criteria. Most derogatory credit items such as late payments or collections won’t have as much of an impact when they are 2 years old.

In addition, there are many ways to get derogatory items removed from your credit. The other great option is an FHA loan. FHA allows you to buy a home with only 3.5% down. Current FHA guidelines will loan to you 3 years after a short sale. Contrast that with the 5-7 year wait required if the home is foreclosed on by the lender. That is the number one benefit of a short sale. You can get back on your feet and buy another home a lot faster than if the lender forecloses on your home. Thinking about a short sale?

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I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Eddie@real386.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 386-931-9127

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Palm Coast loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Eddie Marcal.

Eddie is a Real Estate Agent at Watson Realty Corp. Palm Coast Short Sales Realtor: Phone: 386-931-9127. Eddie@real386.com.

View My homes for sale at www.real386.com.

Eddie Marcal specializes in loan modification assistance and short sales in Palm Coast Florida. Palm Coast Loan Modification Help, Palm Coast Short Sales. Palm Coast Short Sale Realtor. Flagler Beach Florida Loan Modification Help, Flagler Beach Florida Short Sales. Flagler Beach Florida Short Sale Realtor. , Palm Coast Short Sale Realtor. Palm Coast FL Short Sales. Palm Coast Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Eddie Marcal's personal views and do not reflect the views of Watson Realty Corp.

This information on Palm Coast Short Sales: Why Should I Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

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