What is a Short Sale?
A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.
A Short Sale is ONE option -
* Visit the HUD Foreclosure Web Page for other alternatives to foreclosure.
Ask your Lender what loan modification programs are available to you. Your lender may agree to amend your mortgage to help you avoid foreclosure. For many lenders, loan modification is a suitable workout option since lender losses on foreclosures can run high. No need to hire a third party company that will charge you a FEE to negotiate with your lender.
Loan modification options include:
· Lowering the interest rate.
· Giving you more years to pay off the loan.
· Forgiving part of the loan, to lower your monthly payment.
When a loan modification still isn’t enough to relieve your financial problems,
a short sale could be your best option if you have experienced:
· job loss
· business failure
illness and medical costs
death of a spouse
Hire a qualified team. My name is Maria Mastrolonardo, I am a Short Sale Agent - SFR Certified Realtor, licensed since 1997. I am working to help you avoid foreclosure! I have helped hundreds of homeowners through the short sale process. I am here to offer any assistance, answer your questions and help you through this stressful time.
I work closely with a Short Sale Team; real estate attorney, tax advisor and credit repair firm. Together we have a thorough working knowledge of the short-sale process. We are here for you and won't try to take advantage of your situation. Our goal is to keep everything in your best interest and look out for your financial future.
My Short Sale service is FREE OF CHARGE TO YOU. All FEES including; Realtor commission, Attorney fees and all other costs related to the closing are paid by the Lender at closing.
It all starts with your FREE Consultation.
Call me now at: [630-248-6077]
NO COST – NO OBLIGATION – CONFIDENTIAL
Do NOT be foreclosed on! Avoid Foreclosure. Short Sales DO close.
Short Sale: The Basics
REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities. The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk. It provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves.
Legal: The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. Maria Mastrolonardo and RE/MAX of Naperville do not claim to be a law firm or a tax accounting firm and encourages all parties, agents, and brokers involved in a transaction to seek such advice from a professional advisor.
RE/MAX of Naperville is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.