Huh? Short Sale? A Short sale is a situation in which the seller owes more money on the loan than pay off amount at the closing or can't bring money to closing for deficiency. Property is not foreclosed by the lender but it is likely to happen in near future. How does it help me? 1. After short sale, lender can report owner's credit account as "paid as agreed"
2. If the owner is current with other payments, a short sale may only impact 50 credit score.
3. Bank will not come back and ask for deficiency if foreclosed properly. (Must approved from the bank prior to closing of short sale)
4. Many times, bank will hold foreclosure process during short sale negotiation. Short sale is long and painful process. We try to make it easy as possible and simple as possible. I deal with many Dallas and Fort Worth area real estate investors who have multiple experiences on dealing homes just like yours. Just fill out this simple form and let us give you Free consultation. |