The Skinny on the Short Sale

Good afternoon Amburn Oaks,


Here is an article that talks about another option instead of foreclosure. If done correctly it can be a good solution for all parties.
.There are many flavors of compromise you can strike with your lender if you are facing foreclosure. One of the toughest to execute is the short sale.



What Is a "Short Sale"?

The title "short sale" is somewhat misleading; many assume that "short" means quick, implying a transaction that has a short escrow period. Au contraire. A short sale refers to a homeowner's sale of their home for a net sales price (after commissions, closing costs, etc.) that is less than what the homeowner owes their mortgage lender(s).



Why Is a Short Sale Desirable?

A short sale is an alternative to foreclosure. A short sale prevents you from having to go through the foreclosure and eviction. A short sale does make a smudge on your credit report but is much less traumatic to your credit than foreclosure.



What Makes a Short Sale Hard to Complete?

Because a short sale results in the lender losing (a) funds they are owed and (b) the property which secured the mortgage loan, these transactions must be done with the full participation and agreement of the homeowner's lender(s).

By Tara-Nicholle Nelson, Esq., FrontDoor.com




Published: 2/01/2008


For more information on this process give me a call or email me at brian.taylor@garygreene.com


 What are you still waiting for? Let me get your home SOLD!!!


Want to get your property listed For Sale? Give me a call, e-mail me or click on the link to the left for a free market analysis.

I look forward to exceeding your service expectations in 2010.

So before you call other La Marque Realtors or Texas City Realtors give me a call and lets talk!



Your Neighbor,

Brian Taylor

(832)722-1756

Prudential Gary Greene Realtors- Friendswood
Prudential Relocation Certified Inventory Agent
Prudential Relocation Certified Marketing Agent
Prudential Relocation Certified Destination Agent
Freddie Mac Foreclosure Specialist
Quality Service Certified Agent
Multi-Million Dollar Producer


Winner of CBU International Sterling Society Award 2008
Winner of CBU International Diamond Society Award 2008
Ranked in Top 100 Listing Agents CB United -Texas 2008
Member of the Million Dollar Month Club-2007, 2008