Short Sales

Short selling a home is an involved process that affects your family and your future.  Before you begin this process, you’ll want to ensure that you have the most up-to-date information.  First things first, what is a short sale?  This is when you sell your home at a substantially reduced price for a quick sell as to avoid foreclosure.  If you get in a bind and can no longer make the mortgage payments, this is the best and only option besides foreclosure.  When you get foreclosed on you will get a mark on your credit that will stick with you for the next 7 years.  This makes it very difficult if not impossible to purchase another home within that time frame.  

So what happens to your credit when you short sell?  Two hundred point instant reduction on your credit score and short sale text on your record.  Much better than going into a foreclosure situation.  It is quite possible you could have your credit repaired in 6 months and on your way to another home purchase.  Another thing I will work hard to get done is to negotiate with the bank to release all liability from your mortgage responsibility.  Most agents over look this.  For example if you short sell your home for $200,000 and you owed $250,000 the bank might hold you responsible in some fashion for the $50,000 difference.  I have a team of investors, title attorneys, and bank negotiators ready to go to work for you to get you out from under your mortgage responsibility.    

These home selling reports will assist you in answering the many questions that arise during the home selling process.  When you’re armed with the right information, and an experienced real estate professional, you’ll be closer to reaching your goal – selling your home fast, and moving on down the road.

Please contact Jon if you have any questions about short selling your home. 

 

Stop Foreclosure With A Short Sale

 

If you need to “get out from under” your Southlake, Colleyville, Keller, or Grapevine home and have little or no equity due to the market downturn to sell the conventional way without bringing your hard earned cash to the closing table, then short selling could be the answer. 

We Already Have A Cash Buyer In Place Eager To Put A Contract On Your Home And Get It Closed!

 

DO NOT LET YOUR HOME GO TO THE AUCTION!

 

If you do nothing and stop making your mortgage payments your home will go to the foreclosure auction block.  This is the most harmful mistake a homeowner could make.  Here are just a few consequences to a homeowner in a foreclosure situation:

• Credit score may be lowered anywhere from 250 to over 300 points and will affect your score for over 3 years
• Foreclosure will remain as a public record on a person’s credit history for 10 years or more
• A homeowner who loses their home to foreclosure is ineligible for Fannie Mae backed mortgage for a period of 5 years
• In 100% of foreclosures the bank has the right to pursue a deficiency judgment

 

The Short Sale Option

A short sale is not reported on a credit report and only late mortgage payments will show up which will only lower your credit score by as little as 50 points.  If all other payments are being made a Short Sale’s affect can be as brief as 12 to 18 months.  A homeowner who successfully closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years.  And lastly our professional negotiating team will do everything possible to convince the lender to give up the right to pursue a deficiency judgment.

 

So What Is The Difference Between All of the Other Short Sale Agents Out There And Jon Sutton?

We Already Have A Cash Buyer In Place Eager To Put A Contract On Your Home And Get It Closed!

Hopefully that was enough to grab your attention.  You have probably come across 2 or 3 different Short Sale website with many pictures and graphics.  We are not for the glitz and glam, we just provide results.  See how many of the other agents already have a cash buyer for your home.

With other agents you will have to put your home on the market and wait for a buyer to come to you.  Once you get the buyer, the lone agent will be the one negotiating the Short Sale with the bank.  Because of the length of time involved you will probably go through at least 3 buyers because they will get tired of waiting and move on.

We have the buyer ready to go!  We don’t even have to put a sign in your yard!  We have a professional bank negotiating team ready to go!  If you are ready to “get out from under” your home NOW please leave your information below and we will get in touch with you right away.

Southlake, Colleyville, Keller, Grapevine Short Sale Specialist Jon Sutton, SFR (Short Sale and Foreclosure Resource) Designation by the National Association of Realtors.