Short Sale Video -

By
Real Estate Sales Representative with Prudential Douglas Elliman Licensed Real Estate Salesperson

There is an alternative to Foreclosure... it's called the shortsale!!

Foreclosure:

  • A foreclosure will ruin your credit and will be on your report for up to 20 years!
  • Your are responsible for the difference on the amount of debt.
  • A deficiency judgement on your credit.
  • The sheriff puts you outside the home.
  • Court settlement.
  • Big attorney fees.
  • Can't buy in again for 10 years.
  • You pay the difference at the closing table (sometimes tens of thousands of dollars)

Advantages of a Short Sale:

  • A shortsale can removed from your report after only 6 months!!
  • A shortsale shows as a PAID IN FULL!!!
  • Your credit is saved.
  • Negotiated settlement.
  • Bank pays your attorney fees.
  • Bank pays violations on the home.
  • Bank pays debts associated with passing a clean title.
  • Can buy again in 2 years (maybe less).
  • Your debt is eliminated.
  • Bank pays your Realtors fee.
  • UPDATE President Bush signs Mortgage Forgiveness Act (e-mail me to get your own copy).

Watch this Video

 

Not every loan will be negotiated as a shortsale by the bank. There are certain guidelines (every bank is different) Contact me and I'll help you if you qualify to do a short sale. ProRealtor@verizon.net

Vincent Martinez Realtor

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

Comments (2)

DDR Realty
DDR Realty - Newburgh, NY
Orange County NY
If one only has a choice between a short sale and foreclosure, a short sale is definitely more advantageous. I believe it is the lesser of the two evils.
Apr 14, 2008 07:54 PM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes
Derrick- Fortunately it's a solution to a growing problem throughout the United States.
Apr 15, 2008 02:18 AM