Do you need to sell your home but it is below market value?
Are you falling behind on your mortgage payments…?
Then, you may need to consider a short sale. If you are thinking of selling your home and you fall into the category of a pre-foreclosure.. consider using the RIGHT agent to handle your transaction to make it as smooth and painless as possible. Choose agents who are experienced when it comes to negotiating with the bank, who have the right affiliates on the job and who can handle the transaction with ease and experience.
Looking to Buy A Short Sale, Foreclosure or Bank Owned Property? Let our team assist you with your purchase. Short Sales and Foreclosures aren't for everyone. We can help determine if they are right for you. Let our team do the research for you.
Short Sale Certified
Foreclosure Resources
Sell your home as a "Short Sale"
What is a short sale?
A short sale is when the outstanding loan and liens against a property, combined with the closing costs, are greater than the proceeds from the sale of a propery. In such a case, the lender may accept less than the full payoff amount.
How can a Realtor help me?
We affiliate with short sale attorneys who work with your lender to negotiate a payoff that allows the home to be sold at or below market value. We agressively market your home to attract buyers and assist you through the entire sales process.
Who pays the commission?
In the case of a short sale, the lender pays the commission, you as the seller will not pay a commission
Why should I consider a short sale?
Your lender can file a deficiency judgment against you and possibly file a 1099 for forgiven debt, which is income to the IRS. You may be hit with a large tax bill. Your credit will recover much more quickly from a short sale than a foreclosure.
What should I avoid?
Avoid investors offering to pay off your debt if you sign over your deed or pay them an up-front fee. They will tell you not to contact your lender or send them any money. The worst thing you can do is to cut off communication with your lender at this time.
What do I need to do during the short sale?
Contact our team to receive a short sale packet, speak with the short sale attorney and provide paperwork that the bank will require to process your short sale. We will walk you through every step of the way.
If you owe more than the current market value on your home, it is in your best interest to contact us for your personal and confidential consultation. We will put you in touch with the right affiliates and work along with the bank to make the process as smooth as possible. There is no charge for our consultation.
Disclosure
Keller Williams Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. ["If you stop paying your mortgage, you could lose your home and damage your credit rating"]
