A completed short sale is when a home owners mortgage company agrees to accept less than the actual amount due on the mortgage at closing. As simple as it sounds the process can be a lengthy one and sometimes a little frustrating. Mortgage companies are receiving thousands of applications for short sale assistance weekly. They are struggling to keep up with the demand. Working with an agent that has short sale knowledge and experience will help to make a very stressful time in your life more bearable. Kathy has the CDPE (certified distressed property expert), the CDRS (certified default resolution specialist) and the National Association of Realtors SFR (short sale and foreclosure resource) designations and works with home owners and lenders every day. We will let you know exactly what is required in the way of documentation and work with your lender to get your short sale approved. Lenders are saving thousands of dollars when a short sale is completed versus the high cost of a possible foreclosure so most are open to short sales if you qualify. In order to qualify you must have a hardship that has affected your ability to make your monthly mortgage payment. Job loss, pay cut, major medical expense, divorce or relocation for a job are all situations that might allow you to qualify for a short sale. If you think you might qualify for a short sale and have any questions please contact us (email@example.com). We can talk about your options and let you decide if a possible short sale might be a good option for you.
Kathy & Larry Smith