What is a short sale and is it right for me?
Simply put a short sale occurs when a lender agrees to accept a payoff that is less than they are owed resulting in a deficiency. The deficiency is the amount of the left over balance which you may or may not be obligated to repay. In this ever changing market the guidelines for repayment and short sale approval are constantly changing. At Market Elite we strongly encourage you to seek legal counsel throughout this process; referrals for legal representation are readily available.
The first step to short selling your home is knowing what it is worth. Schedule a no cost consultation with one of our Elite Agents today. An Elite Agent certified in short sale management will guide you step by step through this process while working alongside your legal representation to ensure that you’re making an informed decision that is right for you and your family.
For more information or to schedule a no cost consultation with one of our Elite Agents just click below to let us begin helping you today!