SHORT SALES & Foreclosures Know your options

Short Sales for home owners can be difficult because of the time it takes from the execution of the contract until the sales is actually closed, it can range from 90 to 120 days or even more. The banks are overwhelmed by short sale files and financial regulations continue to change, which can complicate closing the file out. The plus for home owners, it saves can save the home owner’s credit from foreclosure and possible bankruptcy. Fannie Mae has a website I recently found http://www.knowyouroptions.com/ . The website provides resource for home owners to navigate the short sale process.

The plus for buyers, unlike foreclosures, short sales can have the current owners living in the property ensuring maintenance is kept up. You will also receive a seller’s disclosure on the property, you will not receive this from the bank, they are not required to provide a sellers disclosure. Pricing of the home is based on current market value or even slighting under market value; banks are becoming more sophisticated about appraisals and making sure they are getting fair market value.

Last thing, make sure you work with a realtor like me who specializes in short sales in purchasing or selling your home and has access to all teh current information and the rprocess to get from start to close.


Open Houses

Browse upcoming Open Houses in your chosen area.

Search Open Houses »

Map Search

Find your perfect home in the perfect location.

Search by Map »

School Search

Search for your family’s next home in specific school district.

Search by School »

Create Account

Save your top searches, favorite listings and receive custom updates.

Signup Online »

Get Pre-Approved

Be prepared to make an offer before you find the perfect house.

Get Pre-Approved »

Let's Talk

Need help finding the perfect home? Let me help your search!

Contact me »

Address Search

Need more information about a specific listing?

Search by Address »

Power Tools

Login for access to our powerful home search tools.

Login »

Market Analysis

Information is power! We'll provide you with comparative market analysis for your area.

Request Analysis »

Website Powered by Real Estate Web Solutions

© 2018 Real Estate Web Solutions, LLC. All rights reserved. realOMS Login | Switch Mobile Site