Over the past decade, as we all know, housing prices skyrocketed as a result of one of the longest sustained housing booms in recent memory.  Fueled by the lending industry, and their sub-prime loans, this boom has now gone bust.  Before the market took a nose dive most homeowners enjoyed excess equity in their homes. 

Now, many homeowners are under extreme amounts of pressure as the value of their homes have plummeted, interest rates skyrocketed, and an overall financial crisis has in many cases forced people from their jobs.  What most homeowners do not understand is that no matter how difficult the situation there is no reason to go through foreclosure.

Most people, (including most Realtors), do not know that you can avoid being foreclosed on thorough a process called a “short sale”.  A short sale is a situation where the mortgage amount on a home is near or above the market value.  It is possible to sell that home to a qualified buyer at the current market value and ask the bank to take a “short” on the amount that is due.  Hence the term “short sale”.

Now, here is the little known secret: your credit will be saved, you will not have to pay closing costs (including your Realtor and attorney fee), and you don’t have to be publicly humiliated. 

Most importantly, you will also be in a position to negotiate what is called a deficiency judgment.  A deficiency judgment is a court order authorizing a lender to collect an outstanding debt after finding out that the property is worth less than the book value of the outstanding debt. 

Did you know that the bank can foreclose on you, take your house back, and still slap you with a deficiency judgment?  In other words you can still be on the hook to the bank after they take your home through foreclosure.  A short sale is the best way to avoid this from happening.  

So what is the catch?  You need to handle the short sale process correctly otherwise the bank will not cooperate.  Whether you are seeking to purchase a short sale or seeking to sell your home through the short sale process we here at the Green Team have streamlined the short sale process to ensure a quick and painless transaction.  We have helped many homeowners avoid foreclosure, and are ready, willing, and able to help many more. 

Call our office now (845-986-7730), or fill in your information below to gain instant access to the following FREE information: how all of this could possibly be done without costing the homeowner a nickel, what the process is to accomplish the short sale, why the bank would agree to such a deal, and why most realtors want nothing to do with a short sale. Every minute counts so please Call Now!