A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and government policies have also improved the chances of getting a short sale approved.
But to be technical, here's a more official definition:
For homeowners to qualify for a short sale, they must fall into all of the following circumstances:
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. We have 20 years experience with foreclosure prevention and short sales. This is not a job for amatuers.
More information about Short Sales.
Call us today to discuss your options -
The Eddings Group
Joe Eddings, Realtor®
Certified Foreclosure Prevention Consultant
Residential/Commercial Real Estate
(425) 466-6900
Fax (425) 888-4631
E-mail: joe@eddingsgroup.com
Caroline Loudenback, Realtor®,CDPE, SFR
Real Estate Professional
(206)948-3721
Fax (425)831-7532
E-mail: caroline@eddingsgroup.com
www.eddingsgroup.com
Better Properties Real Estate - Snoqualmie Valley
202 W. North Bend Way Suite C
North Bend, WA 98045