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Maiden : Real Estate Advice

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Wed Jun 12, 2013
Kevin Teeters answered:
Hi, Not only you but the home must qualify for the loan. I can help guide you through the process. Contact me today at kevinteetersrealty@gmail.com
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Thu May 10, 2012
Roger A Johnson answered:
Robert, a short sale is a complicated process and something you should discuss with a local experienced agent and/or attorney. While I can get you an outline of what you need to do, it's best to discuss in person so that the people who will be helping you (the agent and/or attorney) can help you get the best information for you to make the right decision based on your particular needs.

A short sale is asking your lender, if you're the seller, to accept less than what is owed on the property in order for you to sell it to a buyer. There is a lot of paperwork required and it can be a fairly long process (3-4 months). You definitely want to stick with someone that is experienced in the process.

Each bank does their short sales a little differently, so it's important to know which lender owns the note. Also, there are various options that may be available to you depending on your situation, Like a HAFA short sale, that can help as well.
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