Are you a Northern Nevada distressed property home owner and don't what to do? Have you considered a short sale on your home?
A real estate short sale occurs when a home is sold for less than is owned on it. Because the lender is being asked to accept a loss on their investment, the take a role in determining the sales price of the home. They decide what the selling price will be. The tricky part of a short sale transaction is getting the lender to agree to the terms of a contract.
A successful short sale transaction requires experience, patience, and the ability to find solutions if problems should arise during the escrow period ( the time the home goes under contract to the time it closes).
As your Reno Nevada short sale spacialist I will help you thought this process. I will do the following to help you with your short sale:
- Determine the requirements of your lander to approve your short sale
- Facilitate the submission of required documents from you to the lender including a hardship letter which helps the the lender determine if the short sale is appropriate for you
- Determine a listing price for your home
- Communicate regularly with your mortgage lender's short sale negotiator to work towards a selling price that they will agree to
As a Certified Default Resolution Specialist, I can help you with the short sale process and get your home sold. Call me for a free confidential Real Estate consultations. I look forward to talking with you.
Reno Home Owners ~ The Right Realtor Can Help You Short Sale Your Home
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Certified Default Resolution Specialist (CDRS)
Short Sales & Foreclosure Resource ~ Certified (SFR)
Ferrari-Lund Real Estate
775.846.5424
The information in Terrie Leighton's Blog are believed to be accurate and true but are not guaranteed! Terrie Leighton is a licensed real estate agent with Ferrari-Lund Real Estate serving the areas in Reno and Sparks Nevada.
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Your Short Sale situation is very similar to ours here in the Coachella Valley. They are building up and hopefully, getting the banks to relinquish "right to pursue" will become easier in the near future. Good luck!
Terrie, all buyers in your area should call you for short sale assistance! Have a great holiday weekend!
And you Terrie are that right Realtor to help folks who are in a short sale situation.
I hope you and your family and friends have a fun, safe and happy 4th of July I CAN'T believe a year "ran by sooooo quickly"... enjoy the fireworks !
Terrie: Such an important message....the right Realtor can make all of the difference.
Great post! That's very true the right Realtor does make the different!
Thanks for sharing,
Adam
Kimberly ~ I wish banks were offering full debt forgiveness letters to the short sale borrowers but the are few and far between right now, maybe in the near future.
Kristin ~ I had a great weekend and I hope you did as well.
Craig ~ I am the right short sale Realtor, aren't I! =)
Hi Lynn ~ My weekend was great and I hope you had a wonderful holiday as well. The year certainly is flying by quickly.
Jane ~ Thank you. Short sales are truly tricky and should be handled by experienced agents.
Adam ~Thank you for the wonderful compliment.
Terrie I wanted to give you a little SEO tip. You do not need to provide a link for the word short sale more than once. It does nothing for you to keep linking the word:)