What is a short sale? A short sale occurs when the amount of the outstanding loans are greater than the value of the home. Short sales are usually the result of home values in a market rapidly deflating.
Short sales could be a way for homeowners to avert foreclosure and get out from under their loan with the lender by settling at a lower loan payoff.
How do I proceed with a short sale?
First, find out your options. Loan modifications are sometimes possible. We have a Real estate attorney on staff to aid you in making your decision.
Second, get an idea of the true market value of your home. Since paying for a licensed appraiser may not fit your already tight budget, The VanLeeuwen Family Team can give you a free market analysis of your home. We are knowledgeable of current real estate prices and conditions and can help you get an accurate opinion of your home's worth.
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When you're ready to get started, contact me through my site or e-mail me. I'm happy to answer questions you have about real estate short sales. |
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Next, determine your costs. The VanLeeuwen Family Team will help you account for all fees associated with the short sale process and it most cases will have your lender absorb all costs assoociated with completing the short sale .
The VanLeeuwen Family Team are very experienced and know the process. We will contact your lender to help prevent your foreclosure, even if your are already in default or late with your mortgage payments. If your are at the point you can no longer maintain your payments or housing expenses we can help you decide what path may be best for your family. We can arrange a one hour complimentary consultation with our Staff Attorney to review your case. Processes vary from bank to bank that is why you need an experienced Short Sale Agent and Attorney to help guide you. We have worked with most of the lenders and have experience with the ever evolving short sale process and are knowledge of the state & federal requirements that can effect you. We have been Board certified to handle short sales. Call us or email today to schedule a confidential appointment or receive a short sale "get started" package. We are here to help.
