What are Short Sales? 

It is when the owner, not the bank is selling the home for less than they owe the bank.

Why should I short sale my home?

In todays market many people are finding that their home is worth much less than they paid for the home and owe the bank more than they can sell it for in todays market. If they are in a financial position where they can no longer afford the payment to avoid foreclosure the short sale may be the best option. A foreclosure can ruin ones credit for 7 years or more, whereas a successful short sale negotiation will show on the credit report as "Settled for Less" or "Account Satisfied", it will have a less negative effect on ones credit.

Why would a bank be willing to approve my short sale?

The banks do not want to own property, if they foreclose the home then becomes Real Estate Owned, thus the term REO. The time and money that it takes to foreclose can be extensive.  A short sale is the fastest, least expensive option for the banks and it is equally beneficial for the seller.

What is the key to a successful Short Sale?

Having someone that knows the process and the steps to take! Contact me today and avoid foreclosure.