What is a short sale you might be asking yourself.  Since you are reading this, you may already have an idea of what a short sale is or at the minimum hoping I do.    

 

A short sale is something between a typical residential transaction and a foreclosure.  Pre-foreclosures is what some folks like to call them; are fast becoming the norm.  It's when your favorite but knowledgeable Realtor / Broker is able to sell your property when you are what they call "up side down".  In other words you may owe more than your home is able to sell for under current market conditions.

 

In my opinion Short Sales are preferable to foreclosures, especially when it comes to your credit report and the amount of debt you will owe when the transaction is complete.  Short Sales allow a Seller to move on with their lives without the continually growing debt a foreclosure often brings. 

 

The exceptance of a short sale offer means your mortgage company would accept an amount less than the current pay-off to satisfy your debt obligation.     

 

Short Sales require presistance and determination. The Real Estate Agent who can successfully complete a Short Sale has truely earned their commission and should earn your respect. 

 

I have successfully completed numerous short sales.  If you feel this may be an opion for you, I would be delighted to speak with you personally.   

 

It is much better to call before the situation gets out of hand and hopefully before you get that ever so dreadfull demand letter or final foreclosure notice.   

Sincerely,