So... what is a Short Sale, by the way?

A short sale is nothing more than discounting a loan. In a short sale, the seller arranges with their mortgage lender to accept a price that's less than the amount they owe on the property. As part of this arrangement, the lender typically agrees to forgive the rest of the loan. As a result, the seller doesn't have to go through a foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property.

Why are banks willing to take such a discount? Several reasons. First of all, banks do not like excess inventory and bad loans on their books; therefore, if they see an opportunity where they can sell the property without a huge loss, they will do it. Secondly, lenders know they could lose a lot more money if the property goes to auction. There are so many fees involved if the property goes to auction, that they would be better off taking the discount beforehand and be finished with the headache of it all.

 

I can help

 

 

 

 
 

I am trained and qualified to assist distressed homeowners. After assessing your situation, we can present a solution to the lender and negotiate favorable terms. I can help you avoid foreclosure and minimize the degradation to your credit. I have experience in successful short sale transactions. Short sales require experience, patience and the ability to find solutions when problems arise before the sale closes. I can help you through the entire process. I can:

• Determine the requirements of your lender to approve the short sale.

• Help you with the documentation required by lender.

• Help determine a listing price for your home.

• Be in contact with your mortgage lender negotiator to work towards an agreeable selling price.

Get your home sold.

 

 

I am a Certified Distressed Property Expert® (CDPE)

Instead of proceeding without guidance through the often financially and emotionally devastating prospect of foreclosure, allow me to assist you. My CDPE Designation means I have the training and the tools to find the best solution for your unique situation. Call me today for more information on how I can help you in this time of need.I have a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. I can provide solutions for homeowners facing market hardships.

 

Jack Mancini (239) 218-2685