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Question : What is a short sale?
Answer : Put simply, it is
the sale of a home which is completed through negotiation with the existing
lender(s) in which the lender(s) agree to accept less than the full amount
owed to satisfy the debt and allow it to be “paid off,” (short).
Question : How much does it cost me to do a
short sale on my home.
Answer : Absolutely Free! The bank Pays
the realtors to complete this process for them and you. Your realtor should
not ask for any up front fees, ever.
Question : How long does a short sale
process take.
Answer : Any where from 2 week to more
than 6 months. Depending on the bank, how many loans you have and the
willingness of the buyer to wait for an answer from your bank.
Question : Is a short sale better than a
foreclosure & why
Answer: YES! A foreclosure can stay on
you credit for up to 10 years where a short sale you could be back in
business in 2 years or less.
Question : Should I continue to live in
my home during the home sale process.
Answer : Yes. All they way till the
short sale is closed in escrow.
Question : Can I stop the foreclosure
process by listing my home for sale with a real estate company.
Answer: It is the 1st step. Then the
next step would be foe us to generate an offer on the home to go back to the
bank with to postpone the foreclosure and attempt to complete the short sale
process.
Question : Can I apply for a loan
modification during the short sale process.
Answer : NO. Infact We can NOT attempt
to work on a short sale for you if you do. If you tried to do a loan
modification you need to withdraw it for us to complete the short sale
process.
Question : Is there an advantage using a
large real estate company like Remax.
Answer : YES! Remax is the largest real
estate company in the WORLD! Remax is the only real estate company left with
national TV and internet exposure. When it come to your family, credit &
future... Why would you want anything less.
Question : Should I make any repairs to
my home?
Answer : If you can afford to make home
repairs or property maintenance anything helps. This is why we would love to
come to your home and lend our honest & experience short sale advice to help
get you going in the right direction.
This short sale information is deemed reliable however not
guaranteed and is solely the opinion of an experienced real estate agent
that has completed more than 20 short sales. |
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