Short Sales

A short sale is when you sell your home and your lender agrees to take less then you owe on your mortgage.  A short sale may be right for you if: 

•  You have fallen behind or are in danger of falling behind on your mortgage payment.
•  Owe more than your home is worth.
•  Have been declined for a loan modification, or have decided against one.
•  You would like to avoid foreclosure, minimize the chances of a deficiency judgement, and salvage your credit rating.

Why is a Short Sale better than a Foreclosure?

• In a Short Sale, the bank releases you from the loan, there is no further obligation to pay. In a foreclosure, the bank can sue you for the short fall. 
• After a short sale, you can repair your credit within a year or two.
• Always contact an accountant and attorney to discuss any tax or legal implications that you may incur

What does it cost?

• All brokerage commission and closing fees are paid by the bank at the closing.

 
If you are considering a short sale you are not alone. Nearly 1 out of every 6 homeowners in America are behind on their mortgage payments.

We at Parkview Properties know what it takes to get a short sale approved and will help you during the entire process.  Including:

• Short sale package preparation, review and submission to your lender
• Continuous follow up on short sale package receipt and progress, BPO/Appraisal coordination
• Short sale negotiations: We work diligently to get you the best terms of debt settlement and communicate regularly with your bank negotiator until a satisfactory resolution is reached
• Regular homeowner updates on the progress of your short sale
• Coordination of all parties for closing

Contact us today to help you through the short sale process and to avoid foreclosure.