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Short Sale options

Call the EXIT Special Sales Team, Myrtle Beach South Carolina
(843) 450-2436

 

What is a Short Sale? The sale of a property for less than what is owed to the mortgage company.

 

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.

 

 

Situations that may require a short sale:

If you find yourself in one of these circumstances:

 

- job loss

- job transfer

- reduction in job hours

- death

- divorce

- major illness

- or any other hardship

 

If you have missed one or more payments or fear that you may.

 

If you are in receipt of letters from lenders, attorneys or court documentation

  

 IT'S NOT TOO LATE! 

CALL NOW! (843) 450-2436

 

 

 

Requirements for a Short Sale to take place 

 

The Seller must sell the property

The Seller owes more money than the property is worth

The Seller does not have additional money to bring to closing to pay off the mortgage balance

Choose a local Real Estate Professional to market the property

A qualified buyer presents an offer to purchase the property

The Seller's lender agrees to accept less than the mortgage balance

Closing timeframe is established by lender

 

This information was brought to you by Exit Grand Strand Properties Special Sales Team in Myrtle Beach, South Carolina