Are you in a position where you can't sell your home for enough money to cover your loan payoff and real estate fees to sell? If you don't sell are you facing foreclosure? A short sale may be the answer.
What is a short sale? Well, basically if certain criteria is met the bank may be willing to sell "short" and accept less money for your home than what you owe as well as pay realtor fees for the sale of your home.
Does a short sale affect my credit? Yes, to some degree but may it may be a better option than having a foreclosure on your credit report. A tax professional can tell you more about how a short sale versus foreclosure will affect your credit.
How do I get started? Give me a call and I will be happy to discuss your particular situation and help you decide if a short sale is right for you. If so, then we will list your house at fair market value "Conditional on Short Sale Approval" from your lender. I will tell you how to initiate the process and what you will need to furnish your lender.
How difficult is the short sale process? Well, it basically depends on the individual lender and how backed up they are with short sales. It can be as little as around 6 weeks and in some situations can take months to process.
As a local realtor in the Savannah, Pooler, Garden City, Richmond Hill, Rincon and Springfield Georgia areas I would be happy to help you. Having a realtor who is experienced in the short sale process can help you make a difficult situation as easy as possible, so just give me a call to discuss your options.
Tom
Thomas Tolbert - Realtor - Coldwell Banker Platinum Partners - Savannah, Ga. Office 912-352-1222
or call me Direct at 912-308-6839
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