Short Sale Solutions
A Short Sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens’ full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.
The answer is ‘yes’ a homeowner can negotiate a short sale themselves. The better question is can a homeowner negotiate a ‘successful’ short sale themselves? That answer would probably be ‘no’.Most successful short sales, where a bank agrees to reduce, or ‘short’, the existing mortgage note in order to facilitate a transaction, are performed by a team of people who have experience negotiating with banks, understand the rules involved in short sale negotiations, and have access to buyers. Your typical homeowner lacks in all of these areas because, unless they are in the real estate industry, there is no reason for them to have this type of experience or a buyers’ list.
Why Use Lincoln Heritage Realty to Negotiate a Short Sale?
Negotiating short sales is a special skill set that is learned from experience. Our affiliate has nearly 1,000 successful short sale negotiations and has an experienced staff of negotiators who are dedicated to the time and effort needed for a successful short sale to take place.
When going through the short sales process, you cannot afford to make mistakes. Homeowners trying short sales themselves can easily make a mistake that can cost them a successfully negotiated discount and can lead to foreclosures. In short sales, you can’t afford to learn on the job. The cost of a mistake is too high.
Your best chance for a successful short sale is to leave it to a team of professionals who do it for a living and have a sizable buyer’s list of qualified people ready to purchase homes at a discount.
If you are behind on payments and have little, no, or negative equity in your house, give Lincoln Heritage Realty a call and we can discuss your options.
Time is of the essence to help with a solution, so the longer you wait the fewer options that are available. Contact us right away by Phone, Text, Email or Schedule an Appointment (all online). It’s fast and easy to discuss your options.