What's the deal with Short Sales?
Most people, including many real estate agents, do not really understand the short sale transaction. Simply put, a short sale is the process in which a home owner sells their house for less than what is owed to the lien holder (the investor to whom the monthly mortgage payments are made). If only it was that simple. In reality completing a short sale transaction is anything but simple or short.
Education and experience navigating the short sale process is essential in selecting an agent to guide you through. In addition to having successful short sale transactions under my belt I have educated myself on the short sale process by obtaining the Certified Distressed Property Expert (CDPE) and Certified Short Sale Negotiator (CSSN) designations to ensure that you can trust me in successfully guiding you through.
There are several factors that you will need to consider to determine if a short sale is the best option for you...as with any choice there are consequences both good and bad. You will also need to provide several documents to your lien holder if you decide to move forward with a short sale. If you want to determine if a short sale is right for you or you just want to know what to do next contact me to get the answers you need.