Need help understanding a short sale vs foreclosure? Ask Mary, she's the expert!

In today's residential real estate market too many homeowners are unfortunately struggling with their mortgage payments and possibly facing the loss of their homes due to foreclosure. However, for many, there’s an alternative solution to this distasteful event and that solution is called a “SHORT SALE”. This is a term, until recently, rarely used in the lending community.  Sadly, not enough  homeowners are aware of it’s existence or definition. A short sale, simply stated, is where the lender agrees to allow the property to be sold for less than the loan against it, rather than forcing the property into foreclosure.

There are advantages to this alternative for both the homeowner and the lender. In the case of the homeowner, a short sale does not completely destroy the borrower’s credit for many years. It will affect it in a negative way but this can be repaired. As for the lender, the property doesn’t sit vacant for many months  allowing it to be vandalized etc. and the costs to the lender are greatly reduced. Mary Parkin has tremendous experience with short sales and the credentials to match her experience. These include; Assoc. Brokers License, Graduate of Realtor® Institute, Certified Distressed Property Expert and Certified REO (bank owned) Specialist.

In some situations a homeowner may consider a loan modification program with their lender or lenders. Mary will provide the resources and explore this possibility with you.

When you list your home with Mary for a short sale you will receive these services FREE;

FREE in depth comparative market analysis.

FREE short sale requirements and documents.

FREE internet marketing on the most respected real estate web sites with links from over 18 domains.

FREE professional negotiation service with lenders, asset managers, loss mitigation and escrow.

For any and all additional information please contact Mary Parkin by phone; (888) 211-8803