Short Sales Homes
Buying and selling short sales homes is similar to a bed of roses. The deal smells sweet, but can leave a thorn in your behind. There is endless chatter amongst investors hyping up the phenomenal deals that can be made on short sale real estate. Borrowers pin their hopes on selling their home for less than they owe on their loan and being allowed to walk away without owing a dime.
The truth about short sales homes is this is the last chance you will have to save your credit and stop foreclosure. If you have become delinquent on your mortgage note and facing foreclosure, you simply cannot waste one more precious moment. You must take action NOW!
Short selling real estate is a complex and time-consuming process. This technique involves convincing your lender to accept less than you owe on the loan. If you have two more or more mortgages, the short sale process is even more complicated.
The first step involves contacting your lender. You will need to speak with a loss mitigator and explain the circumstances that caused you to fall behind. If you have equity in the home, or own assets which can be used to satisfy the debt, chances are your lender will not grant short sale approval.
Even if you fit all the short sale criteria established by your lender, there is a 90-percent chance the bank will reject your request. The shocking truth is only one of every ten short sale requests is approved. If your lender does grant approval, you will need to sell house fast and locate a buyer to purchase your property within a short period of time.
Some lenders require borrowers to have a buyer in place before they will even discuss the option of short selling. In today's market, this can be nearly impossible. However, I am going to share a little-known secret to improve your chances of finding a buyer. Are you ready to hear what it is?
Today, many private investors are purchasing short sale real homes. They are usually interested in distressed properties that require considerable work because these properties are more difficult for banks to get rid of.
Investors who engage in house flipping are always on the lookout for homes in need of repair. Most of these investors have a network of professionals they can utilize to quickly rehab the properties and sell for profit.
If you own property that needs repairs and renovations, and owe more than your house is worth, seek out private real estate investors. Many investors are purchasing homes with cash to expedite the deal. When borrowers take a cash deal to their lender, they improve their chance of success ten-fold.
Explaining the details of short selling real estate requires a book. There are many aspects of the process which borrowers need to be familiar with before contacting their lender. As with anything in life, it is important to become educated about the pros and cons of this decision. The more you know about the process, the better prepared you will be. Fortunately, there is such a book available.
The " Short Sale Hardship Letter eBook Course" is a short, concise guide with step-by-step instructions for improving your chances of obtaining short sale approval. For a mere $47, you can learn exactly what you need to do, when to do it, and how to do it. This course has been a lifesaver for many financially strapped homeowners facing foreclosure or bankruptcy.
In addition to the ebook, our short sales homes library is packed with articles that provide information and resources to help you achieve a successful transaction.
Last, but not, I am currently accepting a limited number of individuals into an exclusive short sale program. If you qualify for the program, I will personally buy your house and assist you throughout the short sale process.
All that is required is for you to submit information about your property via the "we buy houses" form. Upon receipt of your information, I will contact you to discuss the program and available options for your situation.
What you choose to do with this information is up to you. However, if you truly want to release yourself from financial bondage and move forward in your life, I highly recommend taking action today. I will be happy to work with you, but you must be willing to take the first step.
Start by entering info about your home, then browse our article library and purchase the Short Sale Hardship Letter eBook course. These simple actions will place you in the 10-percent category. Procrastinating about the situation guarantees you will lose your home and destroy your credit.