A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay offÂ on a loan than what is currently owed due to the borrowers inability to continue making payments.
What does it take to qualify for a Wilmington NC Short sale?
While lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Wilmington NC short sale.Â
Is it possible for me to get money back for completing a short sale?
Until recent times, it was almost unheard of for a home owner to get money back in a short sale.Â Things have changed for the better.Â The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program.Â We have seen home owners get as much as $35,000 back to complete a short sale.
Who will pay the Wilmington NC short sale RealtorsÂ® commission?
In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Wilmington NC short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.
How Can a Wilmington NC short sale specialist help me?
As a Wilmington NCÂ short sale specialist, I have helped many home owners who are in a difficult financial season get a fresh start with a short sale.Â Short sales are not part of our "basic training" as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced.Â Experience is everything when it comes.Â I'll not only market your home in the traditional manor, but will guide you through this transition while simultaneously processing the short sale with your lender.Â VisitÂ capefearshortsales.com for more information on the short sale process.
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Loran Johnson
~ Your Wilmington NCÂ Short Sale Specialist RealtorÂ® ~
License Number: 95901