Are you needing a hand understanding how to Short Sale your house? Sell your house to a real estate investor, they handle everything and you may be able to pay off the loan for a smaller amount.
Charleston Real Estate News – Charleston House Buyers: There is nothing short about a short sale except the amount you are required to give the lender to pay off your mortgage. They aren’t completed in a short period of time. In fact, a short sale can take quite a long time, especially when you aren’t accustomed to the process and aren’t aware of the timelines and legalities.
Asking a real estate investor to buy your house and handle it as a short sale may be one of the wisest moves you can make. This is especially true if you are tired of wrestling with your lender and stressing out over missed mortgage payments and legal threats. You do owe your mortgage loan and a contract was signed at some point in the past. The current circumstances may have changed and you no longer are able to make the payments and keep up with taxes and insurance as well.
Asking a real estate investor to buy your house
and handle it as a short sale may be one of the wisest moves you can make.
The reason it would be smart to ask a real estate investor to help you is that there are many that specialize in short sales and are quite familiar with the process. They give you an offer on your house. If you agree to the amount they offer you, they will go to your lender or bank and discuss the short sale with them. The short sale must be approved by the lender and they will do so under only specific circumstances. If you have lost your job, had a debilitating illness or accident, or someone in the immediate family has passed away, you may qualify for a short sale agreement.
Not everyone qualifies for a short sale so that’s why it might be best to have someone who is an expert in talking to lenders handle the case for you. Imagine that you will not only be able to hand the house over to the investor, you’ll receive cash for the house, it will be taken care of by the buyer, and you will simply follow instructions and remain aware of what is happening that will affect your future credit.
In a traditional sale you must be responsible for all legal paperwork, respond to offers, make repairs and do clean up on your property, and list the house in one or more places. When you find someone interested you’ll show the house, draw up contract paperwork, and negotiate with them. Then you must wait to hear whether the bank will loan them the money to buy the house. Let investors handle it all for you instead.
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