The short sale process is still a mystery to many people, even after all these years. Lots of buyer's agents are confused; puzzled buyers are looking for direction, and not every short sale listing agent knows how to do a short sale. For a list of short sale and foreclosure properties check out this link Short Sales, Bank Owned and Foreclosure Opportunities for Buyers
The Basics of a Short Sale
Banks grant short sales for 2 reasons: the seller has a hardship, and the seller owes more on the mortgage than the home is worth.
A few examples of a hardship are:
- Unemployment / reduced income
- Divorce
- Medical emergency
- Job transfer out of town
- Bankruptcy
- Death
If foreclosure or bankruptcy seem like the only option there might be another alternative. To see if you qualify for a short sale check out this link DO I QUALIFY FOR A SHORT SALE
For a confidential consultation on your home sale options email mark@REintegritygroup.com or call 978-984-3107
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