Why short sell your home?
A short sale is a property that sells for less than the balance owed on its mortgage. A short sale can be an underwater home, an apartment building or even vacant land. If there is a mortgage balance that is greater than the market value of the home, that property qualifies for a short sale.
The home can also be a short sale if the accepted sale price is higher than the mortgage but not high enough to pay all of the closing costs and commissions. Moreover, in some instances involving two mortgages, the sale price might be high enough to pay off the existing first mortgage yet insufficient to completely cover the balance due on the second mortgage. If there is a shortage involved to close, it is a short sale.
Frank Ilderem is a licensed Broker with over 22 years experience, much of it on short sales including B of A, Chase, Citibank, Wells Fargo, Soterus, Ocwen, Nationstar, SPS, and SLS. In most cases Frank can get the seller relocation money. When a home is sold short there are no proceeds generally. Frank can get the banks to give you the consumer monetary incentives in this instance. That’s what pros do. They negotiate on your behalf preventing foreclosure and making you money. Frank is a qualified and licensed broker with the following professional broker’s license # 01821033
We can short sale your home at no cost to you!