When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if your home is worth less than your mortgage(s) you owe on it or you have a financial hardship, such as a job loss or major medical bills. The Short Sale happens in Pre-Foreclosure stage. If the short sale is successful, the seller escapes foreclosure and the corresponding hit to their credit report. They only sustain smaller hit on their credit report for any missed payments and the short sale.
1. Gather information to prove your financial insolvency:
Bank Statements, W2s, Paycheck Stubs, Property Tax Bill, Homeowner’s Insurance Policy, Monthly Bills, Additional Liens, Hardship Letter and Documentation
2. Communication with your Lenders:
We will call your bank and ask for the Short Sale application packet. We will communicate with the decision maker in the loss mitigation department directly and regularly for updates.
3. We will develop a Proposal to your bank.
4. List your home and Obtain Offers.
5. Approve the offer and Submit it to your bank with the proposal Packet for approval.
6. Negotiate with your bank and get the acceptance letter.
7. Close the Deal. Typically, the deal must close within 30 days of the lender’s acceptance.
Are you looking to buy a condo or house in Seattle? Short Sale is a way to take advantages of current real estate market!
 |
If you want to sell your house but it’s worth less than the amount remaining on the mortgage, a short sale may allow you to sell your house and settle your mortgage debt. By completing a short sale rather than allowing your house to go through foreclosure, you avoid eviction and your house will not be sold at a public sale or auction. Plus, depending on your circumstances, you could qualify for financial assistance to help with relocation costs from $2,000 to $5,000... up to $35,000.
Home sellers should watch out for unethical investors who will try to convince an owner facing foreclosure to (1) sign a quitclaim deed for the property and then (2) lease the property. In such cases, the former owners will still be liable for the mortgage payments, even though they no longer own the house.
As experienced Seattle short sale real estate agents, our opportunity to negotiate a successful transaction on your behalf within 90-120 days has increased dramatically. Under the old system, a Seattle short sale negotiation could easily have taken 4-6 months. Washington state short sale provides buyers with an opportunity to take advantage of pricing on par with Seattle foreclosures / REO (Bank Owned) while avoiding some of the more intense case based competition that exists in the Seattle foreclosure market. Please feel free to browse our website to learn about Seattle short sale process info.
KELLER WILLIAMS SEATTLE SHORT SALE
901 5th Ave, seattle, WA 98164
(206) 235-7237 | FirstHomeGain@gmail.com
Welcome to our Washington state short sale site, the best Seattle short sale resource. You find how to buy and sell Seattle short sale information and Washington state short sale process. Our best Seattle short sale real estate agents and negotiators will help you close sucessful short sale in Washington state. Our Seattle short sale expert team is committed to making a short sale in Washington state as easy and as complete a process as possible.
 |
 |
 |
 |
 |