Important News and Techniques for Today's Real Estate Market

October 12th, 2011 8:32 AM

What is a Short Sale?

A short sale is when a home sells for less than the seller owes to the mortgage lender.  It can be an option for homeowners who need to sell their homes because of financial difficulty, as a result of a required relocation, medical problem, job loss, divorce, etc. 

What NOT to do When Considering a Short Sale

There have been companies out there who want to charge you money up front to "negotiate a short sale"-- some of these companies can be legitimate, but many are simply preying on the vulnerability of desperate home owners.  DO NOT GIVE SOMEONE MONEY UP FRONT TO EVALUATE YOUR SITUATION, unless they are an ATTORNEY who is currently practicing real estate law in the state in which your home is located! 

How and When Do I Pay For a Short Sale?

If done right, a short sale can be an excellent alternative to foreclosure, but you need an experienced agent on your side.   We have partnered with the right attorneys and negotiators to handle your short sale so that NO MONEY IS REQUIRED UP FRONT--our fees are paid AT CLOSING, just like on all our "normal sale" real estate transactions.  AND WE DON'T CHARGE YOU EXTRA...  We pay the short sale attorney and short sale negotiator out of our normal listing fees. 

Contact Jackie at 678-416-2326 (or email at Jackie@BestGeorgiaHomeSearch.com) if you want to discuss whether a short sale is right for your situation.  

Our Team specializes in home and land sales in Georgia--particularly Newnan, Peachtree City, Sharpsburg, Senoia, Fayetteville, Fairburn, Tyrone, Brooks, Palmetto and Grantville-- but we will be glad to help you find an agent anywhere in the United States.


Posted by Jackie Campbell on October 12th, 2011 8:32 AMPost a Comment (0)

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