HOW A SHORT SALE CAN HELP YOU AVOID FORECLOSURE

At GeorgiaShortSaleCentral.com, we specialize in finding solutions for homeowners who are behind on their mortgage payments and facing foreclosure.  If you are currently in that position, we know how stressed out and frustrated you must be and we want to help you. 

If you're like most people, you're probably feeling very overwhelmed and aren't sure where to turn.  With all the loan modification scams and foreclosure assistance scams, you're fearful of being taken advantage of.  You want assurance that you're dealing with someone that's legitimate.
 
At such a critical time, it's imperative that you get accurate and up-to-date information about your options.  One option is a short sale.   Even if you've heard the term short sale, you may not really understand what it means or whether it is a viable option for you.  The professionals at GeorgiaShortSaleCentral.com are well versed in short sales and are ready,willing and able to explain the process to you.  If for any reason you do not qualify for a short sale, we can explain alternative foreclosure avoidance options to you and refer you to other professionals who may be able to assist you.

WHAT IS A SHORT SALE?

A short sale is a negotiated remedy between a homeowner and his or her lender whereby the lender agrees to accept less than what is owed on the property in order to facilitate the sale of the property and avoid the time and expense associated with a foreclosure sale.  A short sale differs from a tradtional real estate sale in a number of ways.  First, once the seller accepts an offer to purchase the property from a buyer, the entire deal must be reviewed and approved by his lender.  If the lender approves the transaction and the seller and the lender are able to agree on other matters relating to the sale of the property, the deal will close.  If the lender does not approve the sale, the seller may attempt to negotiate a more acceptable deal with the buyer or he may have to place the property back on the market.  Because the seller's lender has the final say as to whether the deal will happen, a well written short sale purchase and sale agreement should contain a provision which states that the contract is subject to lender approval.
 
Another difference between a traditional real estate transaction and a short sale is that the seller cannot walk away from the deal with any money.  Because the lender has agreed to accept less that what is owed on the mortgage, the seller forefeits the right to receive any portion of the net proceeds of the sale.
 
A short sale also differs from a traditional real estate transaction in that the seller must submit various financial information to his lender as a part of the short sale approval process.  Generally, a lender will expect to receive the following documentation from a seller requesting a short sale:

    - Hardship Letter
    - Most Recent Tax Return
    - Most Recent W-2
    - Bank Statements
    - Paystubs
    - Financial Statement

In a traditional real estate transaction, the seller's lender only expects to receive the funds necessary to pay off the mortgage loan.

A short sale generally takes longer than a tradtional real estate transaction.  However, legislation that became effective in April, 2010 may significantly shorten the approval time on certain short sale transactions.  

WHY USE THE EXPERIENCED SHORT SALE PROFESSIONALS AT GEORGIASHORTSALECENTRAL.COM?  There are more than a few reasons to list your property with the experienced short sale professionals at GeorgiaShortsaleCentral.com.  

• We provide our service at no charge to you.  That's right, it's FREE to you!
• A short sale may completely eliminate your mortgage debt.
• A short sale will not have as severe an impact on your credit as a foreclosure.
• You may be able to remain in your home during the short sale review process.
• You will avoid the embarrassment of a foreclosure sale which is a matter of public record.
• We will work closely with you to gather all the documentation your lender requires and submit it to the lender on your behalf.
• We will keep you informed throughout the entire short sale review process. 

Don't wait until you receive the foreclosure notice from your lender.  Taking action early will improve your chances of avoiding foreclosure.

For a confidential consultation, call our short sale team today at 678-446-5925. 

 
In order to provide our clients with the superior service they deserve, all of our professionals have earned the nationally recognized short sale and foreclosure resource certification.






This site is sponsored by Sharon E. Smoot, Realtor®, Coldwell Banker Residential Brokerage.  This website IS NOT the official website of Coldwell Banker Residential Brokerage or its affiliated companies and neither Coldwell Banker nor its affiliated companies in any way warrant the accuracy of any information contained herein.  Any products and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any other state than Georgia.

Owned and operated by NRT, LLC

Coldwell Banker Residential Brokerage
2820 Main Street West, Snellville, GA 30078
(770) 972-1200
(770) 979-2721 - Fax 

MORTGAGE ASSISTANCE RELIEF SERVICES RULE DISCLOSURE

IMPORTANT NOTICE: Coldwell Banker Residential Brokerage 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.  If you stop paying your mortgage, you could lose your home and damage your credit rating.

Information deemed accurate but not warranted.  Information subject to changes and withdrawals without notice. 

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