How To Sell A House In A Short Sale

February 23, 2015

When you are looking for the answer to “What is the best way to sell my house?” one of the answers may be to offer it as a short sale. Short sales have become more common in the last ten years and many real estate professionals prefer this method for a quick sale.What Is A Short Sale?A short sale is when the owner of a home is given permission by the mortgage holder to sell their home for less than what is owed on the loan. These types of sales can only be approved by the loan holder, and the owner must have this approval prior to offering the home for sale in this manner.Once you have the ability to place your home up as a short sale, home owners would benefit from working with a real estate professional to help market the property. Many buyers are specifically looking for homes that are offered as short sales because the buying process can be quicker than buying a home in other ways.Working With The LenderIf you want to sell your home as a short sale, you must contact your lende
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How to Sell Real Estate in a Short Sale

January 12, 2015

You have found yourself in a difficult financial situation. What is even worse is that your home is under water as you are now unable to keep up with the payments. You have determined that a short sale is your only way out; however, you are not sure where to begin. Following four key pieces of expert advice will enable you to sell real estate in a short sale with ease.Talk to Three Key PlayersWhen you are considering a short sale, you need to speak with three key players, a real estate attorney, a CPA and a qualified real estate agent. The laws that determine a mortgager’s ability to go after a mortgagee when there are deficiencies in a short sale will differ depending on the state in which you live. These three key players can provide you with the best advice on how you are to proceed so you can make the sale with confidence and protect yourself.Find the Proper Agent for the JobIt is imperative that you find the right agent for the job as not all agents are experienced in short sales
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