Many of you might have heard this term used and may not be aware of the meaning. A Short Sale is where a seller owes more than his mortgage balance. For the past few years, banks holding mortgages have been willing to forgive the amount of the mortgage loan which exceeds the value of the house. We place the house on the market at a fair price consistent with the prices of similar homes in your neighborhood that have sold and secure a qualified buyer to purchase the home at an amount we feel the bank will accept on a Short Sale.
As a seasoned Certified Short Sale Agent, Alex can expedite this process for you as a seller and negotiate in your behalf with your lender to absolve you of the debt. Having handled Short Sales for many years, Alex understands the ins and outs and recognizes what it takes to come to a successful negotiation with your lender. For all properties he has placed in escrow and presented to the bank,
Alex has a 100% success rate for securing an acceptance from the bank at the terms and conditions offered by the buyer. Alex works with you to secure your financial information for presentation to your lender and handles all of the details with your lender and simply provides you with a status at least once per week. As a seasoned Short Sales Agent he has developed contract language that protects you and gets the transaction closed! Alex makes the process effortless for the seller and brings the desired result for them.
There is no cost to you for this service and all fees, commissions and closing costs are absorbed by your lender. As an alternative to foreclosure, a Short Sale is an excellent tool for you to utilize as it has a less negative effect on your credit score.
Alex has available to him accounting and legal professionals which he will refer you to in order to make certain this is the path for you to take. Before your property is listed, we will have discussed all alternatives such as loan modification, deed in lieu of foreclosure and foreclosure so that you may make an informed decision. Since this is an important decision for any seller, it is essential that you work with a professional that can navigate you thought the Short Sale process.
Feel free to call Alex anytime to discuss listing your property as a Short Sale.