You have come to the right place if you are looking to buy or sell a home in the Midlands area. I am here to offer my expertise and am committed to making your experience exceptional. There are many tools here to assist you which range from assisting you in your home search to deciding where to go for dinner! Explore the site and links. If you can’t find it here, call or email me and I’ll be happy to assist in answering your questions.
SELLERS
Look at your competition! I will share my knowledge and experience with you. I am realistic and committed to making the process as seamless as possible. I believe in keeping you informed on activity, my unique marketing strategies and current trends in our local real estate market. As a team, we will get to the closing table!
BUYERS
Start your search here! I value your time and opinions and I hope that you will make the most of my expertise. I am ready to listen to your needs and learn what features you most desire. With this information, I’ll do my homework so that you don’t have to. My goal is to find your home and make your experience a pleasure.
If you are new to the Midlands area, I am thrilled to welcome you and offer you the Southern Hospitality we are so well known for. I look forward to helping you learn all about making my home, yours!
An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale?
A short sale happens when you sell your house for less than your remaining mortgage balance, the proceeds of which go to the lender and in return the lender forgives the remaining balance. Selling your home as a short sale is one way to avoid foreclosure.
As a general rule, lenders lose money when they foreclose on a property. Consequently, they would rather not have to foreclose if it can be avoided. A short sale represents an opportunity to cut their losses because a short sale usually allows them to recoup more of the cost of the loan than a foreclosure process would.
However, don’t think that a short sale is an easy thing to accomplish. In order to get permission for a short sale, you must provide documentation showing a genuine financial hardship. And don’t think that the decision for accepting a short sale is solely in the hands of the lender. Sure the lender must first agree, but this is not the final word. If there is mortgage insurance involved, this company also gets input on the decision. If there is an investor backing the mortgage, they also get input as to whether to accept a short sale.
The transaction process for a short sale can be rather cumbersome as well, whether you’re on the buying or selling side. Many short sales fail due to additional demands by the lender, such as requiring the broker to reduce his or her commission and/or that the seller signs a document requiring him or her to pay back the shortfall.
If you’re on the selling side of a short sale, consider having your agent or other experienced professional negotiate with your lender for a better deal. And remember, if the lender does accept a short sale and forgives part of your debt, that is considered taxable income and you must declare it as such to the IRS.
You have come to the right place if you are looking to buy or sell a home in the Midlands area. I am here to offer my expertise and am committed to making your experience exceptional. There are many tools here to assist you which range from assisting you in your home search to deciding where to go for dinner! Explore the site and links. If you can’t find it here, call or email me and I’ll be happy to assist in answering your questions.
SELLERS
Look at your competition! I will share my knowledge and experience with you. I am realistic and committed to making the process as seamless as possible. I believe in keeping you informed on activity, my unique marketing strategies and current trends in our local real estate market. As a team, we will get to the closing table!
BUYERS
Start your search here! I value your time and opinions and I hope that you will make the most of my expertise. I am ready to listen to your needs and learn what features you most desire. With this information, I’ll do my homework so that you don’t have to. My goal is to find your home and make your experience a pleasure.
If you are new to the Midlands area, I am thrilled to welcome you and offer you the Southern Hospitality we are so well known for. I look forward to helping you learn all about making my home, yours!