Century 21 Expert Realty
Clark County Real Estate Expert
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| What is a Short Sale? property then is actually owed on the mortgage. A short sale is when the lender or bank agrees to accept less for the What is a Foreclosure? A foreclosure is the legal process by which a property, pledged as collateral for a debt is sold to satisfy the debt. When a borrower obtains a loan from a lender he agrees to two very important conditions of the loan, and he pledges the property as collateral. #1: He promises to make payments according to the terms and conditions of the loan, and #2: he pledges his home as collateral. If the borrower fails to make a payment, he is in default. When the lender accelerates the loan or activates the due on sale clause (in other words, 'call the loan due and payable') or starts the legal proceedings against the borrower, in order to force the sale of the collateral property to satisfy the loan, this is the process know as foreclosure. Foreclosure is often thought of as an ending event. You hear people say, “he got foreclosed on, or he is in foreclosure”. Well, foreclosure is not an event, it is a process. No Equity? You may qualify for a Short Sale! A short sale is a special transaction that allows you to sell your home- even when your mortgage debt is higher than the value of your home. I am a professionally trained real estate agent who has been specifically trained on how to negotiate a settlement with your current lenders so you can sell the property and get out from under this burden. Best of all, my commission will be paid by the bank, so you won’t have any out-of-pocket expense!
A SHORT SALE MAY HELP YOU: ♦ Avoid Foreclosure ♦ Avoid Bankruptcy ♦ Protect Credit Score from “foreclosure” ding ♦ Be free of financial & emotional burdens If you are ready to sell your home and free yourself from this debt, call me today for a free consultation. Short sale requires a trained professional for a successful transaction, so call me today to help you find a solution. CALL: (360) 433-8954 |