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There is a lot of discussion in the real
estate industry today about something that has been around
for a long time... SHORT SALES.
A SHORT SALE is an agreed upon
sale of a property whereby the lender is willing to accept
less than what is owed on the property. Due to the drop in
real estate values many homes have mortgages on them that
exceed their value. When the owners of these properties are
forced to sell a SHORT SALE is arranged to avoid the
seller coming to the closing table with cash. This is
provided that the seller has faced a "hardship" which
prevents them from making up the difference.
A hardship condition is an unexpected
financial strain that could be caused by a divorce,
separation, death in the family, loss of job, relocation,
health issues, adjustable rate mortgage or other acceptable
hardships. The homeowner finds himself or herself in the
position of being unable to pay the monthly mortgage payment
and they begin to fall behind. To avoid foreclosure a
SHORT SALE can often be
negotiated.
A SHORT SALE
is a process to create a win-win situation. Homeowners often
get too emotionally attached to the situation to see a
logical solution. This is when you need the professional
assistance that can be provided by a Realtor.
If you (or someone you know) is
experiencing difficulty with their mortgage and they don't
know where to turn, call me for a
NO-STRESS, no obligation meeting. I promise to
LISTEN to your concerns and show you the
OPTIONS that are available to you.
CALL: ED SAVARD with RE/MAX All Pro Realty at
386-334-2587 or email Ed at
EdSavard@bellsouth.net
THIS
INFORMATION IS FREE AND SO IS THE CALL!! |
