Stop Port Orange Foreclosures With Short Sales
October 7th, 2007 Categories: Port Orange Real Estate
Consider a short sale if you are in default of your mortgage facing foreclosure! Did you buy a Port Orange home at the top of the market and need to sell because of divorce or job transfer and are upside down owing more than your home is worth when factoring in closing costs?
Rather than going through the expense and time delays that a foreclosure requires, the bank may decide that allowing a short sale makes more sense.
The NAME OF THE GAME: negotiate with the bank to accept less to help get the offer accepted.
Again in short, the definition of a short sale: Sellers owe more than what they can sell for . And please note, banks do not initiate this process, the agent and seller does!
If you own a Port Orange home and are considering this option, please dont waste time and call us for a confidential meeting to discuss this plan of action!
Sincerely here to help.
Marty, Mike and Janis Gagliardi “ Your Port Orange Real Estate Experts.
386.316.5968 or 386.316.5967
Short sales can eliminate stress, and plug that hole in a sinking ship of debt. Taking action is crucial; I encourage anyone in this position to take that first step and contact Janis. Waiting only eliminates your options.
Certainly true Tony! There is a process to it though and some of the paper requirements for the lender are: BPO, listing agreement, hardship letter, seller’s financial statement and 2 years of last tax returns, proof of income, recent pay stubs, bank statement for past 4 months, and an estimated net sheet.