Do You Or Someone

You Know Owe

More On Your House

Than What It

 

is worth and

 

Don’t Know What To Do?

 

You have alternatives.

 

Have Questions About Short Sales?

 
                                 HERE ARE SOME ANSWERS.

 

 

 

 

 

What is a short Sale?

 

A short sale is a transaction in which the owner sells a property for an amount that is less than what is owed on the mortgage loan and other liens.  The lender may either forgive the remaining debt or release the mortgage while still pursuing the owner for the balance of the loan.  Usually the deficiency balance is forgiven as part of the approved short sale.  In most cases, a seller cannot receive proceeds from a short sale transaction.  A short sale can occur with residential and commercial properties.

 

What are the alternatives to a short sale?

 

A short sale may have legal, credit, and/or tax consequences.  There are several alternatives to a short sale.  Other options include:

 

1.       Make payments to reinstate the loan and keep the property,

 

2.       Sell the property and bring cash to close escrow,

 

3.       Attempt a workout with the lender,

 

4.       Assumption of the mortgage by a buyer,

 

5.       Rent the property and move to a more affordable residence,

 

6.       Offer the lender a deed in lieu of foreclosure,

 

7.       Allow the property to go into foreclosure; or,

 

8.       Declare bankruptcy.

 

What is the foreclosure process?

 

Foreclosure is a legal procedure in which property pledged as security is sold to satisfy the debt.  A mortgage lender’s rights can be enforced through foreclosure if the borrower defaults on mortgage payments or fails to fulfill any of the other obligations in the mortgage.  The foreclosure process usually begins when a borrower fails to make payments on a mortgage loan, or the owner fails to pay property taxes or water/sewer bills, or any other lien holder purses its right to collect the debt secured by the property.

 

Stephen E. Sisman, Certified Master Default Intermediary, Short Sale and Foreclosure Resource, Certified Real Estate Divorce Specialist

Weichert Realtors 610.565.1300 * 606 E Baltimore Pike, Media, PA 19063 (PA) or

                                                                                           4760 Limestone Road, Wilmington, DE 19808 (DE)

 

1-877-614-2401 ID# 8001 (recorded message)

© Copyright Stephen E. Sisman March 1, 2014

Avoid   Public Foreclosure

 

Your SHORT SALE Solution

 
 


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

Regardless of your situation you are not alone.  I have helped many sellers facing similar real estate challenges.  Below are some of the short sale program benefits:

 

            Your lender pays the real estae commission and closing costs,

 

            You pay a title search fee of approximately $150-200.00,

 

The short sale negotiation fee is paid for from funds otherwise going to your lender or paid by the buyer,

 

Your questions are answered to help bring certainty to an uncertain situation.  Short sale myths are unraveled so that you can make a sound decision,

 

Listing of your property,

 

Emailed status updates,

 

Your lender, as part of the short sale approval process, is asked to forgive the remaining debt,

 

This proven system works; and, has helped others.  It can help you.

 

 

 

 

Research by the National Association of REALTORS® found as many as 70 percent of people facing foreclosure do not contact a REALTOR®, a lawyer, an accountant, a credit counselor, a short sale specialists or anyone else who could help them.

 

If you owe more on your house than what it is worth, you have options.  You are not and should not be a statistic.

 

For a free, no obligation, and private (100% CONFIDENTIAL) consultation contact:

Stephen @ 610.357.6101.

 

Stephen E. Sisman, Certified Master Default Intermediary, Short Sale and Foreclosure Resource, Certified Real Estate Divorce Specialist

Weichert Realtors 610.565.1300 * 606 E Baltimore Pike, Media, PA 19063 (PA) or

                                                                                           4760 Limestone Road, Wilmington, DE 19808 (DE)

 

1-877-614-2401 ID# 8001 (recorded message)

© Copyright Stephen E. Sisman March 1, 2014

Stephen’s credentials:



CSP, e-Pro, REALTOR®,

Designated Short Sale and Foreclosure Resource,

Certified Short Sale Master Default Intermediary,

Certified Real Estate Divorce Specialist,

Associate Leadership Counsel Alumnus,

a member of the Delaware County Chamber of Commerce,

a member of the Delaware Small Business Chamber.

PA License# RS218928L DE License# RS-0016238