CREATIVE FINANCING - SHORT SALES

We Help With Short Sales

We can assist in helping sellers that:

• Are considering doing a short sale

• Owe more on their property than it’s current value

• Need to sell but have high loan balance

Owing more than what your property is worth is commonly referred to as being “Underwater” on your home. If you want or need to sell and you’re underwater on your house, you’ll need to complete a “Short Sale” with your lender.

Things to know about a short sale

• It’s a complicated process

• It requires a lot of paperwork

• Requires bank approval

• Negotiate with bank not to disclose to credit bureaus

• The amount forgiven on loan could be considered income by the IRS

• Forgetting paperwork and missing steps can cost you Time and Money

Don’t wait! Getting the process started now will benefit you by

Keeping your balance owed as low as possible

Increasing the likelihood of negotiating a favorable outcome with your lender