Short Sale FAQ

We are experienced with helping homeowners better

position themselves for their financial future by pulling

them out from underneath a home that is underwater.

Here are some of the frequent questions we are

asked, and some important facts to understand;

Recent studies indicate 25% of homeowners

across the country are "underwater", and foreclosure

filings in 11/2009 were up 22% from 11/2008.

Lenders are facing record breaking defaults,

and unemployment across the country is at a record high.

Lenders know "Short Sale" programs save

them money over the expensive foreclosure process.

(A short sale occurs when the bank accepts

something "short" of the balance of the note)

Short sales can be mutually beneficial to lender and

homeowner. Banks save money on a completed short sale

in comparison to the costly foreclosure process.

(Attorney fees, maintenance, possible damage

to the property during the marketing period,

the eviction process, repossession of property,

selling property once in foreclosure)

If you are a Homeowner caught up in the

housing crisis, it's important to know you have choices

that can prevent you from foreclosure or bankruptcy,

and that if we successfully negotiate the transaction, you

will not owe us a dime! It is nothing to be ashamed of,

and we can HELP!

Positive Results of a Short Sale

Facilitates quicker path to re-building your nestegg of equity in a

new property where you take advantage of the "Buyers Market"

after full release from your underwater mortgage burden.

Chris Reed (614)-317-5594

(All calls are held with strict confidence)

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Short Sale FAQ