QUESTIONS ABOUT SHORT SALES

Q: WHAT ARE THE BENEFITS?

       A: One benefit to selling your home as a short sale is the ability to get out from under your mortgage at no cost. The impact on your credit is less long term when compared to undergoing foreclosure. With the help from a short sale specialist you are able to move on from your stressful situation.

 

 

Q: CAN I RECEIVE MONEY?

       A: Yes, in some instances you can receive money when your short sale closes. Homeowners can sometimes receive from $3,000 to $30,0000 for a successful short sale.

 

 

Q: WILL I HAVE TO PAY ANY FEES?

       A: No. All real estate commissions are paid by the bank at closing. My services are 100%, completely free throughout the entire process.

 

 

Q: DO I NEED A LICENSED REAL ESTATE AGENT?

       A: Yes. Banks require a signed listing agreement in order to process a short sale.

 

 

Q: HOW LONG DOES IT TAKE TO COMPLETE?

       A: Each short sale is different but, in most cases, you can expect the process to take 4 to 6 months. It can, however, be completed in less time.

 

 

Q: WHAT IS THE HAFA PROGRAM?

       A: HAFA stands for Home Affordable Foreclosure Alternatives. HAFA allows a mortgage company to accept less for your home then the amount you owe. The bank also gives the seller $3,000 at closing and waives the deficiency, so you can move on with your life.

 

 

Q: WHO NEGOTIATES WITH MY LENDER?

       A: We do! My team and I negotiate the short sale with your lender on your behalf. We help you gather the documentation the lender requires and help take some of the stress away from you.

 

 

Q: DO I NEED TO BE BEHIND ON MY MORTGAGE? 

       A: No. Some lenders negotiate with qualified homeowners whom are current on their mortgage. Contact us to see if you qualify.