Short Sales

When the fair market price for a home is less than the outstanding mortgages attached to the home, someone is going to get "shorted." That would be the lenders involved on the home loans. If you are planning to take advantage of the opportunities involved with "Short Sales," you have to understand the nature of the sale.

Most loans are either sold or backed by another entity. This might be a government entity like Fanny Mae or Freddie Mack, or it could be an investor. This complication is important because a home's lien cannot be "shorted" without the permission of all lenders holding mortgages. What that means to the buyer is that the negotiation process if much more complicated than simply negotiating with the homeowner. Once the buyer and the home owner agree to a price, presumably lower than the amount necessary to satisfy all lenders and costs of closing, negotiations must begin with the various lenders.

Home Owners:

If you are a seller and need help due to circumstances that cause you to not be able to make your house payments, call us. We can help. We hire an attorney to negotiate with your lenders at no cost to you and we get your home sold. Call me today at 727-459-5460 to get started.

To get a free fair market value on your home, click here.

Home Buyers:

Buying a short sale isn't easy: it takes the kind of experience I have. If you don't know what you are doing you can get yourself, your money, and your credit tied up. Whether you are an investor, a first time home buyer or just ready for a change, contact us today at 727-459-5460 and get the experience you need saving you time and frustration.