Is a "Short Sale" Right For Me?



Is a Short Sale right for Me?

A "Short Sale" in Real Estate happens when the outstanding debt against a property is greater than the money generated from the sale of the home after all closing costs are paid.

The Homeowner must meet certain qualifications and the lender(s) must agree to a Short Sale. In certain cases, a lender can release you from your mortgages and forgive you of any deficiency. There are now certain programs like HAFA that offer up to $3000 back for relocation expenses.

Qualification for Short Sale Assistance
  • Financial Hardship: Relocation, Divorce, Loss of Income or Job, Increase in living expenses...etc.
  • Behind on your mortgage or facing Default or Foreclosure.
  • Cannot sell your home because of a mortgage balance higher than what you home is worth in the current market.

The most important aspect of the Short Sale process is the ongoing negotiations with the bank. The lender in a Short Sale pays all fees. Experience matters in these negotiations, they are highly specialized and it is very important to have an Agent that is experienced in working them. We work with a team member that has negotiated over 300 Short Sales.

A weekend training class or online course does not make you an "expert". Please beware of the online "Real Estate Investors" that will try to profit from your misfortune. We are licensed, state regulated Real Estate Agents that have your best interests at heart.

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The Tim Stephens Home Selling System
15029 Hawthorne Circle Omaha, NE 681654
Phone: 402-218-4589
Tim@Dreamvesting.com
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