You might be saying what is a "Short Sale"? The
Defiance area Real Estate market along with the majority of the country have short sales around most corners, in most communities... When a homeowner is behind on their mortgage payments they can quickly get turned upside down with the bank who holds their mortgage. Sometimes a consumer / homeowner will try to sell there home "for sale by owner" or "FSBO" to get out from underneath their loan... more often then not, to much is owned on the loan and they simply can't get it sold for the amount of money they still owe the bank plus the fact it takes alot of marketing skills to get a home sold...This is a excellent time to call a Realtor! With your Realtor's guidance you can negotiate or renegotiate the terms of your loan with the Loss Mitigation Department of your bank. A bank or lender might be willing to work with you... by forgiving some of your loan and accepting less than is owed on the property in order to get it listed and SOLD at a price lower than you owe on the mortgage. This Real Estate lisitng and selling procedure is called a "Short Sale" it can and will keep the consumer / homeowner out of Foreclosure!
Call
Realty Five of Defiance with questions and we will get you the answers! 888-766-8628
"We choose to give"
Karol
karol@realtyfive.com
No comments:
Post a Comment