Why A Short Sale Is A Win-Win For Everyone

By
Real Estate Agent with RE/MAX Action
IL – While doing a real estate transaction, not all parties with a financial interest can be winners. However, a successful short sale is one of those rare cases where everyone leaves a winner. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The Seller wins by avoiding foreclosure: This will also help the seller to avoid any credit damage that goes along with foreclosure. In essence, the property is sold and the seller's lender pays all the costs associated with the sales process. In most cases, the seller cam move on with their life without paying a dime out of pocket. The Mortgage holder wins by reducing the loss they incur to get the unpaid loan off their books: It is obvious that the costs associated with acquiring a property through foreclosure hit the mortgage holders really hard. They need to clean up the property and pay staff to manage and maintain the property before they sell it. This is why Loss Mitigation Departments are setup to resolve unpaid mortgages before the foreclosure is complete. The Buyer wins by purchasing a property at below market price: Short sales always represent a good deal for the buyer. This is one of the best opportunities for a buyer to buy below market value. Despite the fact that some short sales will be bigger bargains than others, most still prove to be bargains compared to other properties on market. Do not sit back and wait for the worst to happen. You can control your future. Take a step to avoid foreclosure and you will definitely be a winner. Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at dtoomey@remax.net. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (847) 338-0180 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, dennis toomey. dennis is a Real Estate Broker at RE/MAX Action. Short Sales Realtor: Phone: (847) 338-0180. dtoomey@remax.net. For Real Estate that's hassle free, just pick up the phone and leave it TOoMEy! View My homes for sale at www.HouseByZip.com. Dennis Toomey specializes in loan modification assistance and short sales in Elgin Illinois. Elgin Loan Modification Help, Elgin Short Sales. Elgin Short Sale Realtor IL Short Sales. Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice dennis toomey, RE/MAX Action, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are dennis's personal views and do not reflect the views of RE/MAX Action. This information on Why A Short Sale Is A Win-Win For Everyone is provided as a courtesy to our viewers to help them make informed decisions.
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Rainmaker
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Winston Heverly
GRI, ABR, SFR, CDPE, CIAS, PA
Winston Realty, Inc.

One one thing I disagree on is the buyer buying below market value. That assumption is flawed least down here it is. Properties below 300k are selling at market or above.

March 14, 2012 04:53 AM
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Dennis Toomey

Buying or Selling Talk TOoMEy!
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