Eli Givoni, Director
Short Sale Department, LLC
MARS Disclosure for General Commercial Communications
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
Your best bet is to work with a broker who is looking out for you best interest. You want to work with a broker is going to give you a clear and honest market analysis of your home so you can determine the most likely outcome.
However, if your home is worth less than you owe I recommend a short sale. A short sale does less damage to your credit than letting your home go into foreclosure and you can purchase again in as little as two years with a Fannie Mae back loan and four years with a Feddie Mac. Be aware that many other creditors look at this as you being pro-active.
Also you should work with a short sale attorney. Do NOT work with a short sale attorney that charges you upfront. I recommend all my clients to a particular firm that get paid from the proceeds of the sale. So if they get you place to close with the real estate broker they don[t get paid. Talk about good incentive for them to get the job done correctly.
If I can be of any assistance with a recommendation or anything else please feel free to contact me at email@example.com
It depends on the location, condition and what you owe versus the fair market value.
Did you know that the typical for sale by owner home sells for 15% less than an agent assisted sale?
Work with a Realtor to help you determine fair market value and assist you to determine which is the best plan of action for you specifically.
Good luck and feel free to call me should you have any further questions.
There is a way you can sell your home and still have good credit. First, you need a Brokers price option to determine the value of your home then compare that to how much you owe to the bank. If you owe more than what your house is worth you may have to do a short sale.