SHORT SALE BUZZ!!!

If you owe more on your mortgage than your home is worth, you need to consider the option of short selling your home. 

WHAT IS A SHORT SALE?

The short answer: A situation in which a lender will accept less than what is owed on the property as a payoff of the loan obligation.  Long answer: A complex process involving changing rules, a lender that can veto a transaction for any reason and a buyer that may not have the patience to wait while a lender makes up their mind.  This is not a do-it-yourself project! 

To offer the highest level of service and knowledge to our clients, Buzz and his short sale team have each earned the designation CSP (Certified Short-Sale Professional)  It is not required for an agent to be specially trained prior to listing a short sale.  This could be the reason why the majority of short sale listings never close.  Short sale transactions are very different from a traditional sale.  Understanding the process is the difference between just listing a short sale, and closing a short sale.

When thinking about short sales, keep in mind that it is a difficult process that can easily cause more harm than good if not performed properly.  This is why your choice in Realtors may be the most important factor determining whether the process is successful or not- due to the complexities and sheer volume of issues that arise. A CSP knows how to present the entire short sale package to a lender.  Understand, there are hundreds if not thousands of requests for short sales.  If a lender sees a thorough package compared to one that will need much time and attention, which one do you think will get preferential treatment? Additionally, a CSP has connections with many lenders, national and local, and will understand the best way to guide your package through the system.

   CALL BUZZ TODAY FOR YOUR SHORT SALE ANALYSIS! (702)497-0739