Short Sales Rescue

Welcome to Short Sales Rescue

What is a Short Sale?

A short sale occurs when the net proceeds from the sale of a home are not enough to cover the sellers’ mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner’s commission. The seller is unwilling or unable to cover the difference. The lender allows the sale of a home for less than it is worth and forgives the rest of the note.

The National Association of Realtors predicted that in 2010, more that 60% of all properties sold will be short sales or lender owned properties.

Today short sales are becoming increasingly more common. If you are a homeowner who does not have enough equity in your home, you may qualify for a short sale. 

What Short Sales Rescue Does:

Some of my services include: 

• Evaluating your current situation to see if you are a candidate for a short sale.
• Negotiating with your bank to get you qualified for a short sale.
• Arranging for a consultation with a real estate attorney and real estate accountant  who will provide you with accurate legal information conerning your credit and tax implications.

Contact Me Today!

480.221.2593

srej16@cox.net

How did we get here?

• Homeowners obtained 100% financing during the height of the market, and when the market declined, their homes lost value.
• Homeowners who obtained interest only loans, had their mortgage payments almost double when their initial introductory rates ended.
• Homeowners bought "too much" house, and were unprepared for the mortgage payments.
• Some homeowners pulled out too much equity during the height of the market and are now faced with an over leveraged home.