I've completed my Short Sales and Foreclosure Resource certification through the National Association of Realtors. I had handle and closed REO and Short Sales transactions successfully in the shortest amount of time. It has been a new challenge and my clients are very satisfied with the results. I am always ready to assist my clients in all of their Real Estate needs.
WHAT IS A SHORT SALE? A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt. The Basics: Short Sales Due to current economic conditions, the number of short sale properties on the market is rising. The increasing number of short sales on the market presents challenges for REALTORS®. Below you'll find more information on: short sales and their challenges, the government's efforts to address these challenges, and tools to help you navigate the short sale process. Please contact Your Tax and Legal Advisors before you make a decision.