Sell home as Short Sale - Why?
- Are you struggling making your monthly mortgage payments?
- Do you feel that any emergency in your family will exhaust any savings that you've been using to pay your bills?
- Is your job not secure?
- Has your household's income been reduced?
- Have you lost your job?
- Are you going through a Divorce?
- Has a medical illness piled on a mountain of debt?
- Do you want to move to accept an out of town job?
These are common reasons for many South Florida homeowners contemplating selling their home as a Short Sale.
You've likely been struggling for quite some time just trying to figure out a way to save your home and avoid foreclosure, as there just must be a way! In fact, you tried to get your loan modified and that didn't work. You've likely even been served with a legal document that your Lender(s) intend to foreclose on your home due to your default. You still continue to try and think of a way to keep your home . . . there just has to be a way, as this can't be happening to you.
Perhaps, you even tried to sell your home as a Short Sale and your Listing Expired. A Short Sale Listing should NEVER Expire if you wanted to sell your home as a Short Sale. If you indeed wanted to sell your home, then the only reason a Short Sale Listing would expire is because the Listing Real Estate Agent you hired to sell your home, didn't know what they were doing. If you hired a Short Sale REALTOR® to sell your home who had no experiece, no characteristics of a Short Sale REALTOR®
nor the support if they were newer, then it's a good chance this is the reason for the expired listing. Unfortunately, Distressed Property sales make up roughly 40% of our Market so most Realtors are trying their hand at Short Sales; some with success and some with no success. If you come across those who are not well versed in Short Sales, you can imagine it would be difficult to avoid foreclosure.
What is important to know is that in a Foreclosure your Lender(s) can still pursue your deficiency balance with a Court ordered Deficiency Judgment after your home has been foreclosed upon. However, the goal of a Short Sale is to have your Lender(s) release you of any deficiency balance and a great many Lenders do release borrowers of their mortgage balance. You would not want that uncertainty hanging over your head for years with the Foreclosure.
I've been representing Distressed Sellers since 2007 when very few Real Estate Agents were doing Short Sales. However, I had and still do, have a genuine interest in helping homeowners avoid foreclosure. It is very satisfying to me to be able to help Sellers sell their home as a Short Sale. You can rest assure that I'll take the best of care of you. It matters to me.
Don't delay go ahead and give me a call 954-464-1100 or Email me at LynnP@ImagineYourHouse.com for a confidential Short Sale consultation - you'll be glad you did.
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- Topic: Home Selling
- Short Sale REALTORS®
- Short Sales and Forclosures ONLY
- Keller Williams 'Rainers
- Short Sales Specialists
- Short Sale Specialists & Pre-Foreclosure Education