Life is like that sometimes, things happen and we do not know how we will make it through. You are not alone – there is help, there is hope. If you are falling behind on your mortgage payments or fear you soon will be, then perhaps we need to explore your options. A Short Sale may be one of them and is a far better choice that walking away. If you want to get more information and find out how Short Sales work, give me a call or email.
The definition of a Short Sale is:
A Short Sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid a foreclosure that involves hefty fees for the bank and a poorer credit report outcome for the borrower.
Kathleen Lordbock
REALTOR/Short Sale & Staging Specialist
Keller Williams Realty Brainerd Lakes
218-831-8001 Cell
218-829-0339 Home Office
KLordbock@kw.com
Welcome from the Brainerd Lakes - where outdoor and indoor recreational opportunites abound. Looking to buy on one of our many lakes? Ready to move up or down? Having trouble selling your home? Falling behind on payments or already in the foreclosure process? I am a Certified Short Sale Specialist as well as a Home Staging Expert.
Call me!
Hi Kathleen, That is very well presented. Good Work! Blessings to you from Seattle.
Kathleen, this is a great blog to explain how a short sale can help someone who needs some options besides walking away from the property or declaring bankruptcy.