CDPE & SFR Certified

    
        Do You Know someone in jeopardy of losing their home?  Frustrated and just don't know what to do? 

          Many people ask me what is a short sale?  A Short Sale is when a home owner cannot make their payments for a variety of reasons and are forced to sell.  They find that they cannot sell for what is still owing.  Most home owners find this to be very embarrassing and extremely stressful.

          This is where I can help take some of the burden and  work with the bank on their behalf to negotiate a realistic price that the current market will bear.  Usually the bank releases the deficiency between what the home sold for and what is left unpaid.   

          A Short Sale does not hurt your credit for as long as a Foreclosure  The bank reports to the Credit Bureau in a variety of ways; paid as agreed, so many late payments, etc.  This will affect your credit for only a couple of years or so.  A Foreclosure is like a bankruptcy and stays with you the rest of your life.  A Forclosure will affect your credit for about 10 years. 

          I believe it is definately worth listing a distressed property.  The greatest benifit is being able to move forward with clear concscience and in a short period of time purchase again.