SUCCESSFUL SHORT SALES NEGOTIATED, INCLUDING RELEASE OF DEFICIENCY

SUCCESSFUL SHORT SALES NEGOTIATED, INCLUDING RELEASE OF DEFICIENCY

A short sale occurs when a bank agrees to accept a lower sales price on a home than what the borrower owes on the loan. Certain lenders are offering cash incentives to their borrowers to do a short sale rather than have the property go in to foreclosure. These funds can be used by the borrower to move to a new location. If the lender will waive the deficiency exposure of the borrower, it can be an advantageous situation for both parties. Wendy Anderson has successfully negotiated the approval of short sales, including waiver of the deficiency exposure and payment of cash to the borrower from the lender. Call for a free consultation to see if a short sale may be beneficial to you.