A short sale is a real estate transaction where the homeowner owes their lender more than what their property is worth and they need to sell. In a short sale, the lender approves and accepts less than what they are owed as full payoff.
Ask yourself three questions:
- Are you facing a financial hardship that you know will decrease your income?
- Are you getting behind on your mortgage and you're not sure if you can catch up?
- Or do you just need to sell quickly but your home is worth less now than when you bought it?
If you live in the Raleigh area and are facing any of the situations above and you think a short sale might be your best option, then read on. Here is a link to all the current short sales active in Raleigh
Don't worry. Things happen to all of us.
We've all had our ups and downs in life and a lot of other good people are also in the same tough spot as you. Life seems scary when you're facing the reality of foreclosure and we know how it feels when you just don't want answer the phone any more.
We all know that we're in the middle of a national mortgage crisis. In many cases, homeowners who have bought or refinanced in the last few years have been abused by unethical lending practices!
If you bought your home in the past few years, you hoped, like we all did, that it would increase in value (and some folks were even promised it would!), but it's likely that now your home is worth less than when you bought it and the value is still declining.
We help homeowners in this position to get the help they need.
We Do Care...
One of the major reasons we went into real estate was to help people. That has not changed. My belief is that if I help people through both good and troubled times, the effect will be one that will result in friends, clients and referrals for life. If you find yourself in a position where you owe more than your home is worth and you need to sell, a short sale may be your best option.
Don't allow this to happen to you:
Did you know that nearly 90%
of the homeowners nationwide who try to short sale their home will end up losing their home to foreclosure due to an uneducated or lazy agent?
It's sad but true.
The majority of real estate agents that are "trying to help" have not been properly trained and are misinformed as to how to even negotiate with lenders. Some even get so far as to submit your 'short sale packet' and then just wait for a response! In the end, they simply don't know how to help you and you will become one of those "90%" that were not helped.
"Short sales are not easy..."
...unless you seek the help of an expert agent with a proven track record. I have been personally trained and certified by CDPE and SFR. I have successfully negotiated short sales for many Raleigh families.
Before you agree to have an agent help you sell your home, ask him/her to show you just one short sale approval within the last 6 months...they probably can't.
I can, in fact over 20 since Jan 1st 2011 with many more files active, contingent and in closing. Just check out my blog or see my testimonials