A "Short Sale" offers significant benefits to the homeowner
vs a foreclosure, such as:
1. Allows the seller to remain in the home during the short sale
process.
2. A short sale will allow the homeowner to eliminate the mortgage debt(s).
3. The seller can sell the home without the expense of needed repairs to get the property sold.
4. No real estate commissions or other
up front fees are required.
5. Closing costs and commissions are usually paid for by the lender(s).
6. The seller avoids the negative effect of a foreclosure on his/her credit report.
7. May help avoid a bankruptcy.
8. You are in control not the lender nor
the courts.
9. No attorney fees
10. Less stress, more Peace of Mind!
All the information on this short sales module is published in good faith and for general information purposes only. There are no warranties publishers and providers of this content about the completeness, reliability and accuracy of this information. We suggest that you contact an attorney with any legal questions and your CPA for any financial questions concerning how a short sale might affect you. Any action you take upon using the information on this module is strictly at your own risk and the publishers and providers will not be liable for any losses and damages in connection with the use of our website. The information contained on these pages are for general information based on current research and person experiences.
