This
website is for homeowners who want to do a short sale on their own home,
if you are an investor or real estate agent go here for short sale websites or
leads.
Treasury
Department Issues Guidance On Short Sales
- (Washington D.C.)The Treasury Department has
issued long-awaited guidance to streamline short sales.
Under "The Home Affordable Foreclosure Alternatives Program"
the Treasury will be issuing checks to homeowners for $1500 and require lenders to respond within
10 days... more
What happens after I fill in the
form? Within seconds your request for a
consultation is routed to investors that are buying homes in
your area or a real estate agent that can arrange a buyer for
you.
What is a
short sale and how does a short sale work?
Simply put a short sale is when you
sell your house to a third party and the bank accepts an
amount less than the amount you owe and forgives the
difference. If your property value is less than
the amount you owe on your home, then it doesn't make much
sense to continue owning that home. A third party buyer
can make an offer to the bank to pay off your loan.
Example: Let's say you bought
a home in 2006 for $250,000 with 10% down. Similar homes
recently sold for $175,000. You owe about
$220,000. Let's also assume your payments are $1700 per
month and you could rent a similar home for $1200 per
month. A short sale buyer will make an
offer to the bank to cash out the lender at a discount to
the face value of the loan. If it is accepted, you can
walk away from the $220,000 debt and owe nothing. The
bank relives you of the debt and does not show a foreclosure
on your credit record. Now instead of putting good money
after bad and continuing to fund a losing investment, you can
rent and save $500 per month.
Short Sale Leads -
Find An Investor To Buy Your Home
Do you want to fix your personal balance
sheet?
Is your home underwater?
Are you tired of
giving your hard earned money to Wall St. bankers?
