The Short Sales Process
The Short Sales Process is when you are allowed by the bank to sell your property for less than what you owe on it. Now sometimes the bank may try to get you to sign paperwork that gives them the right to come after you for the deficit, so watch out for that, you would have to speak to an attorney to find out whats best in your scenario.
Now this program does not allow anyone to rebate any cash back to you as a seller since the bank would prohibit that type of transaction. Plus the fact that the short sales process can take months to complete is another reason the agents do not offer the cash back program on these types of home sales.
The Short Sales Process continued…
In the end our fee’s come from the bank anyway and not from you the home seller. What you get by using an agent to manage your short sell is the experience of the team on the agents side who will handle all of the process for you at no cost to you.
DO NOT EVER agree to pay anyone any money up front to negotiate a short sale for you, This is pretty much a scam and they can not do anything for you that an agent and his team can do for free, or at least at no up front cost to you as the home seller. So again remember do not pay anyone any money to handle a short sale.
We use Attorney’s in most instances because they are very adept at handling the So we hope this shed some light on the short sales process and do so on a daily basis, so on top of getting a licensed, experienced Realtor handling and marketing your home for you, you also get top notch short sale negotiators to handle the bank on your behalf, all at no cost to you.
The Short Sales Process varies from state to state…
Now in some states there may be a one time $150 dollar upfront fee for an attorney to consult with you to see if the short sales process is the best option for you, this is entirely up to you, but we do recommend it. Also the short sale negotiation fees are paid for by the real estate agents out of their listing commissions, so it costs you nothing and in the end, those fee’s are paid by the bank, so you don’t have to pay them any fee’s or commissions.
Email or call us today if you are in the short sales process situation to see how a real estate agent can help you get out from under that debt ridden home and on with your life. they can even help you in finding new housing after the home is sold.
So we hope this shed some light on the short sales process.
Call us at:
253-227-6101 Paul Galaviz
253-279-2588 Tanya Galaviz
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