SHORT SALES
In the News: 
JUST SOLD & SAVED!! 2/09
If you have not heard about the latest problems concerning homeowners and their property's value, then you are missing out on some very crucial information.
Short Sales are becoming very popular in the Real Estate and Mortgage Industries and it is affecting a great percentage of homeowners.
What is a Short Sale?: A Short Sale occurs when the seller request that the lender accepts less on the mortgage than is due. Short Sales can occur if you are upside down in your mortgage loan - upside down meaning that you owe more on your home than its current market value. This can also happen if there are numerous foreclosures in our community or the values have decreased overall and you cannot sell your home for more than you owe on the mortgage.
How can I qualify?: First and foremost, you must be experiencing a Financial Hardship, i.e., loss of job, divorce, medical reasons, change in income, etc. You will also need an EXPERIENCED Real Estate Professional to assist you with your Short Sale. It is a very arduous and complex process that involves a heavy amount of negotiating between the lender and the real estate agent.
How is a Short Sale different from a Foreclosure?: A Short Sale is different from a Foreclosure in several ways:
You can still retain ownership of the property.
You and your agent are responsible for putting the home on the market and accepting offers.
You have to request a Short Sale from your lender.
It does not have as huge of an impact on your credit like a Foreclosure does.
You don't have to worry about being evicted from your home.
Will it affect my credit? A Short Sale will appear on your credit as "settled for less than amount owed." This basically affects your credit for about 18-24 months, compared to a foreclosure that can affect your credit from 7-10 years.
JUST SOLD & SAVED!! 11/08
JUST SOLD SAVED!! 1/08
Please complete the information form below and we will email you the Short Sale Information Report.
Please provide valid information to ensure that your report is sent directly to you. We value your privacy and will not share your information with anyone for any reason.
To schedule your initial phone interview, please contact us at:
469-766-7379.
Are You
əpısdn Down
with your mortgage? If so, a SHORT SALE could be your solution.
We can help you Sell your Home.
Call Me Today - 469-766-7379
MeLisa Minter, MBA, Realtor
Kaufman, Texas