Each short sale is different but most with positive outcomes. The property we sold in Derry did include a cash out to the Seller. Never guaranteed but it is encouraging for a seller to be aware that there are options.
Weichert Realtors PEYT
We were able to complete a short sale last month in Derry and the homeowner received $23,000 cash at closing due to an incentive their lender provided. The homeowners owed over $220,000 and the lender accepted $110,000 with a full deficiency release. They were over 24 months behind. It's important you know what is involved in the short sale.
I would be happy to speak with you further.
Maryann Little, VP Mitigation
AA Premier Properties, LLC
Here's a link to some information.
Office 603 459-1138
Cell 603 377-0771
The majority of homes on the market now are short sales due to to huge drop in values we've experienced over the past few years.
If you need the name and contact information of a short sale certified Realtor, feel free to contact me and I can move you in the right direction.