Short Sale Specialist Near Lawrenceville, GA, Certified Short Sale Expert, Lisa Jefferson

May 23, 2012 - PRLog -- What is a Short Sale?

But to be technical, here's a more official definition:
A homeowner is 'short' when the amount owed on his/her property is higher than current market value. A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.http://www.GeorgiaShortSaleHelp.com


A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

How to qualify to do a Short Sale?

For homeowners to qualify for a short sale, they must fall into all of the following circumstances:
Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

Can I Short Sale My Home without a Realtor?

It is advisable that you seek the professional help from a Certified Short Sale Expert, who understands the Short Sale process. There are certain forms that must be submitted with the Short Sale packet that can only be prepared by a licensed real estate agent or broker.

Unfortunately, too many homeowners facing foreclosure proceed without the assistance or advice certified short sale professional. Now more than ever, you need to find an advocate for you and your family's interests, one who is prepared to handle your specific needs.

Real estate professionals with the Certified Distressed Property Expert (CDPE) Designation have trained extensively to understand the options, solutions, and effective methods for dealing with homeowners facing hardships. Don't risk your financial future and the potential sale of your home with an agent who does not have all the solutions.
CDPEs fully understand that saving a home can save a life, which can save a family, which can save a future.http://www.GeorgiaShortSaleHelp.com

How long does the Short Sale Process take?

The Short Sale process can take up to 120 days or longer. In many cases if you received a foreclosure notice, you should act immediately by calling a real estate professional that can advise you of your options. Many Homeowners are not aware that the foreclosure can be postponed for up to 120 days or longer when working with a realtor who understands the entire Short Sale process.