What is a short sale? "A short sale is a transaction where title transfers; where the sale price is insufficient to pay the total of all liens and costs of sale; and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies…” (a “Short Sale Transaction”). A “Potential Short Sale Circumstance” is one where the listing Broker reasonably believes the listing price or purchase price may not be enough to cover payment of all liens and costs of sale and the seller is unwilling or unable to bring sufficient liquid assets to the closing. For more information go to: en.wikipedia.org If you are behind in your mortgage and are worried about your choices, please call me to discuss your options. A short sale may be the best answer for you and your credit. Below are some of my short sales. Please be aware all offers must be approved by the lender and could take anywhere from 7 to 60 days. |
|
||||||||||
|
||||||||||
|
||||||||||
