Question: what is a short sale exactly?
A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold and the lender agrees to accept the proceeds as satisfaction of the mortgage still owed.
To participate in a short sale, you must be able to verify a hardship (see list in a previous post). While I cannot guarantee that your lender will participate in a short sale, note that it truly is in the lender's best interest NOT to foreclose. Part of my job, as a CDPE (Certified Distressed Property Expert), is to gather and present in a cohesive fashion all the documentation necessary to support the short payoff position, list your property, and GET IT SOLD!
I am also a SFR (Short Sale and Foreclosure Resource). This designation is recognized by the National Association of Realtors. So far I have had 100% of the short sales I listed approved. I urge you to call me and find out how I can help you.
Information deemed accurate but not guaranteed. HarderAndSmarter Realty is not engaged in the practice of law nor does it give legal or accounting advice.
To participate in a short sale, you must be able to verify a hardship (see list in a previous post). While I cannot guarantee that your lender will participate in a short sale, note that it truly is in the lender's best interest NOT to foreclose. Part of my job, as a CDPE (Certified Distressed Property Expert), is to gather and present in a cohesive fashion all the documentation necessary to support the short payoff position, list your property, and GET IT SOLD!
I am also a SFR (Short Sale and Foreclosure Resource). This designation is recognized by the National Association of Realtors. So far I have had 100% of the short sales I listed approved. I urge you to call me and find out how I can help you.
Information deemed accurate but not guaranteed. HarderAndSmarter Realty is not engaged in the practice of law nor does it give legal or accounting advice.
Posted by Palm Beach Foreclosure Help at 3/4/2009 11:03 AM 
Categories: short sale, foreclosure
Tags: deficiency judgement short sale short payoff foreclosure
Categories: short sale, foreclosure
Tags: deficiency judgement short sale short payoff foreclosure
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