[ Ссылка ] - Our Kent short sale agents, negotiators and Realtors have been experiencing more homeowners are choosing to do short sales in Kent WA to avoid foreclosure. So, what is a short sale?

"A Short Sale is a real estate transaction in which the homeowner sells a property for less than what is currently owed on the mortgage and in turn is able to avoid foreclosure or bankruptcy. The lender approves the short sale and agrees to accept less than what is owed on the mortgage and discharges the loan."

This is a win-win situation for the seller, the buyer and the lender. Why?

1. Homeowner avoids a foreclosure (Short sale hurts the seller's credit but, not as much as a foreclosure. So, they could buy a home again in 2 years.) A foreclosure can have a devastating impact on someone's credit report that has a lasting effect for years to come. A short sale is typically reported on a credit report as a debt that is "settled for an amount less than what is due". While this will cause a dip in credit score, it will be nowhere near as harsh as the reporting of a foreclosure.

2. Buyer purchases a home at lower than market value. Home that have been foreclosed on and rehabilitated by the bank often are in high demand and have multiple offers on them, which can be frustrating for buyers. Short sales are a good alternative because they are often in the same price range as foreclosures, but other buyers don't have the patience to wait for the banks approval and therefore there is less competition to purchase a short sale property.

3. Lender avoids owning the property as well as foreclosure expenses. Lenders do not want to own houses. Lenders are in the business of loaning money, not in the business of owning real estate. Banks can face fees of more than $50,000 in actually foreclosing on a property.

Short sales must be approved by the lender(s) and the seller must prove a hardship. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

In addition to being forgiven the short from your lender, you may be qualified for receiving relocation money up to $35,000 depending on your bank.

About Our Bellevue Short Sale Team:

Our Keller Williams Kent Short Sale Specialist Team is CDPE (Certified Distressed Property Expert) and SFR (Short Sales and Foreclosure Resource) certified, and have a success rate of 98% on approvals from the banks and have closed Bellevue short sales in as early as 4 weeks.
Our Bellevue short sale Realtors are working hand in hand with Banks for fast decisions.
We are entering an era of cooperation with the banks and with our though packages we are getting fast results. Our short sale real estate agents will provide necessary paperwork and negotiate with the lenders and banks directly on behalf of our clients. All our short sale service is free to our clients.

Phone: (206) 202-0008
Email: shortsalehomeexpert@gmail.com

Share this video: [ Ссылка ]

свернуть