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SHORT SALES AND FORECLOSURES

SHORT SALES AND FORECLOSURES

SHORT SALES AND FORECLOSURES

You have options.

A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.


A short sale can also be the best option for homeowners who are “upside down” on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.

 

SELLERS WHO THINK THEY ARE OUT OF OPTIONS

A REALTOR® with the SFR® certification can assist owners in understanding all their options.

 

By evaluating each individual's situation, Alex will...

  • explain the differences between a short sale and foreclosure

  • suggest viable options to avoid a foreclosure

  • guide you through the complex process of a successful short sale

  • recommend finance, tax, and legal specialists

  • prepare and deliver a Comparative Market Analysis (CMA) to the bank

  • negotiate the essential components of an offer to ensure a time-efficient experience and more

BUYERS WHO ARE OPEN TO

UNIQUE OPPORTUNITIES

A REALTOR® with the SFR® certification can guide a buyer through the distressed property transaction.

 

By evaluating each individual's situation, Alex will...

  • explain the differences between a short sale and foreclosure

  • counsel buyer and reduce risk

  • guide the transaction from start to finish, including closing dates, inspection,

       and appraisal expectations

  • prepare the buyer for expected timeframe for lender approval and more

WHY USE AN SFR® AGENT?

Members of the National Association of REALTORS® who have earned the Short Sales and Foreclosure Resource certification understand distressed property transactions, and everything that is included. Working with an SFR® agent takes the stress out of distressed property transactions. I know that selling or buying a home in uncertain times can be scary, but I know how to make it happen. With unexpected opportunities everywhere, now is the time to sell or buy.


​​​Today’s real estate market is dynamic. Through short sales and foreclosure properties, sellers and buyers have additional opportunities to sell or purchase homes that are a great value. Real estate professionals, like myself, who have earned the SFR® certification have the necessary knowledge and tools to maneuver through short sale and foreclosure processes. With comprehensive training under my belt, I hold the ability to represent either the seller or buyer during the distressed property transaction and see it through.​​ By understanding both sides of the distressed property transaction, I can anticipate the unique needs of clients while reducing any possible risk.