Nov 10 2009
Experts are now advocating a “Short Sale”
If you are upside down and can no longer make your mortgage payment (because of job loss, divorce, option ARM or other hardship) don’t give up. Foreclosure is NOT a good option. Eighty percent of the time a bank would rather short sale over foreclose. You’re able to sell the house at a loss with the bank’s blessing; they agree to eat the loss. Your credit takes a much smaller hit and you will be able to purchase another home within 2 years.
To be successful, you’ve got to get the right Realtor. In short sales it’s critical. Your Realtor must understand the process, package submission and negotiation. Levi Salmans is a CDPE, Certified Distress Property Expert, CSSS Certified Short Sale Specialist and Short Sale certified by REOMAC. Call Levi Salmans today at 407.291.6952.
Stumble it!
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