The purpose of this blog is to discuss a topic that is making headlines across the country:

SHORT SALES. What is a Short Sale?

A financially insolvent homeowner who is facing foreclosure sells his/her home for less than the value of the loan.

Why would a lender accept less than the amount of the loan? The cost to the lender for foreclosure may include: legal fees, possible eviction cost, taxes, insurance, maintenance,

Association fees, utilities, plus selling costs, just to name a few.

You do not need the lenders approval to list your home with a Real Estate Professional.

You must disclose that the sale is subject to the lenders approval.

Most lenders want you to list your home with a Real Estate Professional! A Realtor that knows the current market for your area!

They may not accept a Short Sale Contract unless the property has been listed with a Realtor and marketed on the MLS.

Work with a qualified experienced Short Sale Real Estate Agent and Real Estate Company.

For more information please don’t hesitate to contact me.

Betty Special

www.bettyspecialrealestate.com

954 865 2095

Realtor

Balistreri Realty

South Florida

Advertisements