How and Why to Short Sale Your Home
Expert Short Sale Realtors
Our team will negotiate with your lender to Short Sale your home and STOP FORECLOSURE. There is no cost to you as the seller to short sell. We are paid by the lender upon completion of the short sale and they are glad to pay because reports indicate it cost banks an average of $35,000 to foreclose a home.
Requirements:
1. All Home owners must fully cooperate during the short sale process. You must allow showings of your home to buyers and provide paperwork requested by me or your lender in a timely fashion. [short sale now]
2. Do not move out of your short sale property as long as it's safe to live there. If you feel you must move out please contact me for more information before making any plans. If your short sale home is vacant now or is a second home please contact me ASAP, you can still short sale. Many owners have lived in their property without making payments for 16 months or more. [short sale now]
3. Do not damage the property or let the property come into disrepair. Damage from water leaks, over grown lawns, removal of appliances, etc... all hinder the sort sale process. If you have damage you cannot repair please notify me immediately so I can negotiate with the lender. [short sale now]
What's in it for you?
- No Tax - The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. This provision applies to debt forgiven in calendar years 2007 through 2012.
- November 2009 - US Treasury Requires that borrowers be fully released from future liability for the debt.
- Stop a foreclosure lawsuit against you, save excess damage to your credit report that can last up to 10 years if you are foreclosed.
- It's a bad situation if you can't make your payment but lets make it into something good. You could remain in your home without making payments while we are working the short sale for many months. I've seen over 16 months in many cases, a average would be 5-9 months. The time frame you desire will dictate the marketing strategy we use, we have completed short sales in less than 3 months. [short sale now]