Before you begin with a short sale you might want to understand the how the process works, the legal requirements, and how much it will cost you to short sell.
The simple and plain answer to this is that a short sale shouldn’t cost you anything. If it does, then it should be very little. In most cases, there are no costs or fees required for a short sale.
Most of the costs associated with the procedure of a short sale include the realtors, title costs, transfer taxes, and attorney fees. Your lender should understand that you can’t afford to pay for these costs.
That is why most lenders will pay any costs involved in the sale on your behalf. You might be wondering why your lender would be willing to pay all the expenses. Here is why.
If the reason for your short sale is that you can no longer afford the mortgage payments, then this means that your lender is already preparing to start foreclosure proceedings.
They know that they will have to sell your home after a potential foreclosure. Because of this, lenders encourage short sales. They want to avoid a foreclosure if possible.
A foreclosure is very expensive for the lender. They have to pay all the foreclosure costs, including legal fees, taxes, insurance payments , court costs, etc.
They have to pay to maintain a vacant foreclosed home, pay a realtor to sell the house, and then sell it for below market value. They view a short sale as a less expensive alternative.
This is why they are willing to pay all of the costs associated with a short sale. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at email@example.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (919) 606-8751
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Raleigh loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Ken Smith.
Ken is a Real Estate Broker at Goldens Realty. Raleigh Short Sales Realtor:
Phone: (919) 606-8751 . firstname.lastname@example.org.
Friendly, loyal, intelligent service!
View My homes for sale at www.GoldensRealty.com.
Ken Smith specializes in loan modification assistance and short sales in Raleigh North Carolina. Raleigh Loan Modification Help, Raleigh Short Sales. Raleigh Short Sale Realtor. Raleigh NC Short Sales. Raleigh Realtor.
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