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I am sure that you have read and heard about the growing number of homeowners pursuing short sales in the US today. In fact, the chances are that one of your neighbors is going through one right now. Some estimates state that over 50% of the properties that close this year will be short sales or foreclosures. Most people don't learn what a short sale is until they experience it firsthand.
A short sale is a closed transaction where the mortgage holder(s) agree to accept less than the mortgage amount balance in order to close the sale. These can be very complicated transactions with far reaching ramifications. The attached description should help you understand some of the major qualifications and steps that accompany a short sale.
As a CDPE, I have been specially trained to assist buyers and sellers when they are going thru these difficult transactions. I am dedicating my training to help my clients and their friends through these difficult times. Not only are these financially challenging transactions, the stress on a family can be overwhelming.
Please click on the helpful links blow describing Short Sales and exacatly what they are, how to qualify and what a homeowner needs to do in order to pursue one. If you or someone you know should need answers I want to make sure at least the basics can be covered.
If I can assist you or your family or friends, I am here to help anytime. Helping homeowners avoid foreclosures, one family at a time.
www.noforeclosureagent.com
or
www.valleyshortsaleteam.com