Are you behind on your mortgage payments and can no longer afford them? Yes No I'm sure you've heard all the misinformation in the media, from family, friends and even inexperienced real estate agents about the horrors of doing a short sale on your house. Here's a list below of common practices by inexperienced/uncaring agents and brokers:
- Price house way below market value so the bank won’t accept any purchase offers.
- Use your short sale simply as “market exposure” for themselves to get buyer leads.
- Incorrect and/or vague MLS listing descriptions with poor or no pictures.
- No marketing of property at all.
- Never contacting bank to agree to the short sale process.
- Improper preparation of paperwork required
- Not understanding the short sale process at all.
These are the cold, hard facts. Don’t become caught in this trap. Only use an ethical, experienced agent to handle your sale.
Do you want to become another foreclosure statistic with the possibility of being forced into bankruptcy?
Testimonial,
Elisha had our property under contract in 30 days and sold in 90. The mortgage company no longer harasses us and we can now move on with our lives. Thank you!
J.T. Holly Hill
I care about YOU when you are selling your home through the short sale process. I understand the pain and stress involved in this as I have seen family, friends and neighbors loose homes during this economic downturn. I have found this process to be the best alternative for many people and families since it’s the easiest to recover from without having to go through foreclosure or worse yet, filing bankruptcy which further destroys your good credit rating.
I am an experienced and respected real estate professional who will work for you throughout this process and I’m very successful in making the sale of your house less of a burden, so that you can move forward with a less stressful life.
Contact me, Elisha Heebner at 386-569-3335, email at Elisha@elishaheebner.com or fill out the contact form to receive your free, no obligation analysis of your current situation.
Testimonial,
My Husband and I both lost our jobs and we were unable to afford our mortgage payment. We have now been able to relocate for new jobs without that mortgage payment hanging over our heads ...
W.G. Raleigh, N.C.
Some Short Sale vs. Foreclosure FAQ's
- How does a short sale affect my credit? Your credit is cleared faster, 2 years for short sale vs. 7-10 years for a foreclosure.
- How is my past mortgage shown on my credit report short sale vs. foreclosure? Credit shows "paid as agreed" instead of foreclosure or repossession (Some lenders do not even report to credit bureaus so it would just be a charge off)
- How does a short sale affect my employment future? Since a short sale is listed as “paid in full” and a foreclosure is listed on your credit report as a foreclosure. A foreclosure could prevent you from getting certain jobs.
- Can the bank come after me after I sell my house by a short sale? It has been our experience that many banks will totally forgive your debt while others will only forgive a portion of the remaining balance, each case is different. If that situation arises, our experienced negotiators will negotiate with the bank to try and lower or eliminate any balance left over from the sale of the property. In a foreclosure, the banks can come after you for unpaid balances, place judgments, even attach wages, possibly forcing you into bankruptcy.
- How does a short sale affect me getting loans in the future? Loan applications do not request information on short sales but they do on Foreclosures.
- Can I get evicted from my house during a short sale? Short Sales take about 2 to 3 months to close giving you time to move without the feeling of being "kicked out".
- Do I have to pay taxes on my short sale? Not until 2012, you will not have to pay taxes for the money that was forgiven on a short sale. Consult your tax adviser for further clarification.
- Who is in control of my short sale? You are in control!
- How do I know the buyer of my house is qualified? We are experienced professionals and only accept offers from prequalified individuals or proof of funds from cash buyers of your property.
- How does the short sale process help my emotions? Helps you feel like you are fixing the situation rather than feeling like a victim.
Beach Bum Realty has been helping buyers and sellers with short sales in Daytona Beach, Ormond Beach and all of Volusia County Florida for the past several years. We have been one of the most successful real estate agencies in short sales because we have taken the time to study and understand exactly what it takes to be successful in this very tough segment of the market.
If you’re in need of some relief from a mortgage payment you can no longer afford to pay, then please contact me and I’ll work hard for you to get this situation resolved.
Elisha Heebner 386-569-3335