If you are facing Foreclosure or a Short Sale, your options can be confusing. However, one choice is far better for you. A Short Sale will save you money and do less damage to your credit score. Realstar Realty can help you sell your property as a Short Sale with no cost to you. A Short Sale is an agreement between you and your lender whereby you cooperate on a sale (make the property available) and in turn, the lender accepts a lower price than what is owed. A successful Short Sale avoids Foreclosure and saves both parties thousands of dollars.
Why would my lender go for a Short Sale?
The Foreclosure process is very costly. Statistics show a Foreclosure recovers about 50% of value vs. a Short Sale which recovers around 80% of value. With a Short Sale the lender is usually better off financially. Besides, the lender does not want your property. They are in the business to lend money not manage real estate.
So what does this cost me?
Nothing. The Short Sale process is still less expensive for the lender than a Foreclosure. As such, the lender covers every expense except the moving truck! This includes costs for your Attorney, Title, Realtor, Closing Costs, Transfer Fees and more. See our No Cost Guarantee.
Can I stay in my house until the sale is completed?
Absolutely. It can take several months for lender approval and for the transaction to be completed. You can stay up to the hour of closing.
Why do I need a Short Sale Expert?
You need help and guidance from someone who understands the difficult choices you are making about your home. We have helped many clients sell their home as a Short Sale and we have a successful track record with literally dozens of lenders.
How do I get my home listed as a Short Sale?
It’s Simple. Contact Realstar Realty immediately. There are several documents that we need signed. From the time we sit down with you to the time you are on the market can take as little as an hour.
Disclaimer: The information provided here is for general information purposes only. Contact legal consul for advice on your specific situation. No information provided here shall be construed as legal or any other advice. No representation is made to the completeness or accuracy of the information. As such, no part of this should be used as a substitute for consultation with a professional legal advisor.