Over the last several years a lot of homeowners have asked this very same question..
What is a Short Sale?
Some homeowners had to. .
when they were experiencing hardships that were never imagined before
They moved on. .
Some homeowners decided a different approach,
They refuse to sell and agreed to some type of loan modification that just extended their problem when a principal reduction was not obtained..
and now, they to find themselves on the same place
No relief on sight
asking once again. .
What is a short sale?
... and how can I use it to relieve me of this burden?
The short answer is:
A short sale in real estate is where your lender looks to cut their losses by agreeing to a reduced payoff of your loan in exchange for not having to foreclose on the property.
During a short sale situation, the borrower is still the owner of the property. Unlike a foreclosed property where the mortgage company becomes the legal owner of the property The final successful result for a short sale is to obtain an acceptable approval from the lenders to sell the property as the seller gets assurances for a complete removal from a deficiency judgment
My name is Fernando Herboso. It is my sincere belief that homeowners need to find an advocate to represent them.
Someone to seek the guidance, counsel, and services to make the right decisions based on facts and not emotions.
An advocate that is educated, a licensed distressed property expert, a real estate broker that has the experience, the knowledge and the savvy to simply get you OFF the hook! Someone that will act totally in your best interests to help you find the best solution to the financial crisis you are facing now.
Allow my team of Realtors, with one full time assistant, an attorney and several other supporting staff that has developed long lasting relationships with these lenders to help you on your time of need. The strength of our experience and knowledge is invaluable to anyone seeking for a solution to avoid a foreclosure.