Do you need a short sale?
Gary Zendejas of Realty World Premier is the Short Sale expert!
If you are facing a pending foreclosure, the best advice we could give you is to ACT NOW AND DON’T
HESITATE ANOTHER MINUTE!
Many people facing foreclosure do nothing but sit around and wait for a miracle. We all know the odds of that happening are unlikely at best. But what else can you do?
Many homeowners seek advice from their attorney. And why not, Attorneys are suppose to have all the answers right? Maybe so, maybe not!
They act on their attorney’s well intentioned advice and file bankruptcy, thinking that all their problems will be solved. However, even though bankruptcy does put a hold on everything, all it really does is buy a little more time. The end result is always almost the same… the property goes to Sheriff’s Sale and in addition to losing their home; they now have a bankruptcy and a foreclosure on their credit report. If you are facing foreclosure, this is a situation you definitely want to avoid at all costs.
In most cases, the best thing for a homeowner to do when facing foreclosure, assuming that the homeowner’s inability to pay the mortgage is not temporary, is to SELL THE PROPERTY AND SELL IT FAST!
In doing so, you will avoid having a foreclosure and quite possibly a bankruptcy on your credit report. You’ll be able to get on with your life and avoid having foreclosure haunt you for years to come!
When lenders agree to do short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.
What is a Short Sale?
A
Short Sale is a win-win solution for the homeowner and the lender.
Borrowers get relieved from their mortgage debt and get their credit
restored.
What are the benefits of a Short Sale?
When
a Short Sale id achieved, there will not be a foreclosure. A
foreclosure damages credit up to 7 years and a bankruptcy up to 10
years. Many experts believe that a foreclosure is much worse than a
bankruptcy.
Can investment properties be short sold?
Any type of property can be sold through a Short Sale.
We are here to help and we have answers. You are not alone. We can stop the foreclosure process and get you on the road to recovery.
For more information on Short Sales or if you just want to know whether or not your situation is eligible for a Short Sale, Please leave us your name, address and contact number. Our consultation is always free