"I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in savings and pretty much live paycheck to paycheck. Tawny."
Here is the answer to Tawny's Question: A short sale doesn't cost the homeowner any money. All of the costs are paid for by the homeowner's lender.
Many people also think this. After all, it makes sense logically. But, it's actually not the case.
Banks have been lending money for centuries. They have learned from past experience that a short sale is a good way to cut their losses.
In fact, a recent study by the Boston Consulting Group actually showed that a short sale reduced a lender's losses by 20%, compared to a foreclosure.
After a lender forecloses on a property they put it up for sale. They have to hire and pay a real estate agent and all the other related costs.
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 253-310-1177
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification Our Tacoma loan modificationkit 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, Nathan Olotoa.
Phone: 253-310-1177. firstname.lastname@example.org.
Listed to Sold in 59 days or less
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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 Nathan Olotoa's personal views and do not reflect the views of Keller Williams-Tacoma.
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