We are a team of local real estate agent in Memphis. Check out our website at http://www.MemphisShortSaleTeam.com
Our course when doing a short sale you do have to compete with all properties on the market so it does take an experienced short sale agent to increase your chances for success. Have you qualified for a HAFA short sale? If you have any questions feel free to give me a call for a free consult.
If home is undervalue based on mortgage petition the lender for short sale option HOWEVER you won't be able to purchase another home for 2 years.
Confer with CPA on any tax write offs you might have
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Per our response to your last answer, we can help you do a short sale. If your property didn't sell in seven months, we would have advised you to lower your price. Everything sells at the right price. There is definitely a system to getting these short sales closed. We would be happy to explain the process to you and walk you through the steps. Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
In order to do a short sale you must have a financial hardship or a change in your life situation which will prevent you from being able to make the mortgage payments. If you have a financial hardship, contact a local agent who does short sales themselves. Ask them to evaluate your situation. The property would sell for it's current market value and the bank will determine whether to forgive the balance of your debt or not - this agent will know the laws in your State.
You may also want to consult with an Attorney regarding your situation and the safest route for you take.
The question is; Must you sell? If not stay put don't take the loss.
If you must sell contact your lender first also check out this Fannie Mea website
it has the best and most to date information on foreclosures and short sales.
View the videos and read all the information this will better prepare you for when
you talk to your lender or an agent.
Best of Luck,
Bill Carey, Broker/Realtor
Certified Short Sale Seller Specialist
Bill.Carey@HendersonProperties.com l http://www.HendersonProperties.com
Charlotte's Premier Real Estate Company