What's A Short Sale?
A short sale occurs when the lender agrees to take less than the full amount required to pay off existing loans in full because the outstanding loan balance is greater than the proceeds realized from the sale of the property.
This sounds simple enough and is the definition most agents will give you. The problem is in the details. The terms of the approval are almost always dictated by the lender. Most sellers and many agents assume any approval is a "good approval", which is often not the case.
If you're considering a real estate short sale there are things you need to know before speaking to your lender. Consulting with a M.A.R.S. compliant, licensed professional versed in short sales and the foreclosure process is a must.
When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My commitment as your local REALTOR® is to provide you with the specialized real estate service you deserve.
In this business the person with the most accurate and timely information usually wins. I truly believe that understanding all of your options is the #1 key to making the best decisions for you and your family. That's why my goal is to keep you informed on trends in the marketplace using the latest local and national statistics.
As an area expert with extensive knowledge of our local housing market and neighborhood communities, my objective is to work diligently to assist you in meeting your real estate goals.
I hope that you are able to find the answers you've been looking for here. I've provided this information so that you can make the best decision for yourself. If you owe more on your home or investment property than it is worth, I'm confident I can help you to better understand all your options.
Call for a free, no pressure, zero-obligation over the phone consultation and I'll do my best to help you understand all of your options and how best to move forward.
Larry Weichman
Weichman Realtors, Lic #00573423
Larry@OrangeCountyHomeAssist.com
(888) 476-5169
(714) 241-4532
1525 Mesa Verde Drive East
Costa Mesa, CA 92626-5221
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