Kurt and Sheila's Real Estate Team
 
Call us today at 404-954-2486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short Sales

See Short Sale Help Application Below these FAQs

FAQs

What sets us apart on Short Sales?

We have recently partnered up with a highly experienced short sale coordinator to help our client's with their short sale.  She has been negotiating short sales for 5+ years and she has agreed to partner with us to help home owners facing foreclosure sell their homes. 

If your property meets her criteria as a home that is likely to be successful as a short sale, she will guide you through the negotiation process.  Because of her experience with most lenders she will be able to let you know the likelihood of success in getting the bank to agree to a short sale. 

We will not list your property until the bank has responded to our requests for a negotiated price.  It is a mistake to offer your property for sale when you are not sure you can sell it for the advertised price.  Your property will get it's most Buyer activity the first week it is listed and if you can't accept the offers presented, those Buyers are not likely to come back.  Once the bank has approved an acceptable price, we will market the property on both MLS listing services and on 30+ other web portals.   Our marketing efforts will work for you too.

What is a short sale?

A short sale is the sale of real estate for an amount less then the bank or lien holders are owed.  For obvious reasons the agreement to sell the property has to be agreed to by all lenders and lien holders against the property.  Getting all of these approvals is very difficult when there are multiple lenders and lien holders.  For this reason, it is best to have an experienced short sale expert handle this part of the process.

Why sell your home through a short sale instead of letting the home foreclose?

Georgia is unique in that even after the foreclosure, the lender and lien holders can come after the debtor for the unpaid loss through a deficiency judgement.  With all of the foreclosures happening right now and the lender's legal right to come after the loss, it is not at all inconceivable that an industry will grow in the coming months of collection companies buying these deficiency judgements for pennies on the dollar and then coming after debtor's other assets and future income for years to come.   In many instances, short sales limit your future liability to the lender unlike the foreclosure alternative.

Are all properties ideally suited for short sales?

The fact is, that the majority of properties offered as short sales end in foreclosure.  Without the experience of a short sale expert to evaluate the success probability of your home selling in a short sale, you could be delaying the inevitable.  There are many factors that weigh into the success probability of your home selling in a short sale.  Some lenders have refined their systems to handle the process efficently while other lenders are nearly incapable of even considering a bonafide offer for your property. 

 

Some of the locations where your listing will appear when listed with us!

All of the places your listing will appear.

Some of the locations where your listing will appear when listed with us!

 

 

 

Short Sale Questionaire

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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