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Short Sales - Get On with Your LifePosted by Cathy Meder on Monday, January 17th, 2011 at 3:18pm.
I am holder of a certificate called, “Short Sales & Foreclosure Resource Certified.” The designation is referred to as “SFR”. It seems these days more and more “short sales” are coming up for sale. There are so many people, not just in the Marietta area but in the nation as well, that are upside down in their homes. Upside down means that they owe more on their loan than their home is worth.
I recently got an offer on a house I have listed. My client, the seller, and I were so happy because it is a good offer and I believe that we will work it out (it did work out!). The only problem is the seller will bring nearly $20,000 to the closing table. The seller is, however, delighted to get the house sold and get on with their life.
But not everyone can write a check like my seller can and move on. That is why we have what is called the short sale. A Short Sale is when the bank takes less than what is owed on the house. So, if you are upside down and need a good Realtor®, call us today and let’s see what options are available to you. You just might be able to move on too.
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