What is a short sale?
A short sale is a workout program that allows a borrower to sell
the property, even if the proceeds are less than the loan
payoff, due to low property value. Upon final approval, a
short sale can help homeowners avoid further collection activity
or foreclosure action, which can result in adverse credit
reporting.
Why use a Realtor for the short sale process?
Seller: To most people who
are going through a short sale I would say why not?
Basically what a seller does is provide the listing agent with
the paperwork in regards to their financial situation and sign a
letter allowing the agent to speak with the bank.
Otherwise the seller does not cover the real-estate fee, worry
about showing the property, and is helped out of a possible
foreclosure situation.
Buyer: As a buyer the most
important reason to use an experienced short sale Realtor is
they can qualify the short sale. Having a real estate agent
is no cost to the buyer.
The Cope Team has developed a system of working with banks and
getting you out of financial trouble! We will qualify your
listing and price it properly to get it Sold ASAP!
Call us today!
Craig Cope 561-758-3374 or Scarlett Cope 561-339-2832
Click here to e-mail us questions about
buying or selling a short sale
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