Short Sale Process

For Sellers

   

You have a financial obligation to a lender or mortgage company that must be taken care of in order to sell your house.  A Short Sale occurs when the net proceeds of the sale are less than what the owner owes on the mortgage.

 

Short Sale FAQ

Short Sale Process
The bank or mortgage company that holds the note on your house makes the final decision on the price, terms and time line of a Short Sale.



This is an outline of the most likely process to list your home as a Short Sale with me.  

 

  1. Verify the value of your property – contact me.  I know the market and can help you set up an estimate of your property’s value.
  2. I can help you add up all the cost variables involved in selling your property and total all outstanding loans held against the property.
  3. I will assist you with coming up with final numbers by subtracting the total amount owned for the property or home from the projected proceeds of your short sale.
  4. I will help you gather the necessary background information that will be the basis of a conversation with the lender – I will help you contact them to review your situation.  I will be able to negotiate on your behalf if you authorize me to do so, otherwise, you will need to deal with the lender directly as the mortgagor.
  5. Get a sense of the lender’s interest in working with you and I, as your Executive – most will accept a short sale, as it is in their best interest to do so.
  6. I will work with a network of investors; with whom I have a  relationship.  I will aggressively market your property to ensure a quick sale.

 

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS. Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.
GLVAR deems information reliable but not guaranteed.
Copyright © 2008 of the Greater Las Vegas Association of Realtors® MLS.  All rights reserved.


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