What is a Short sale?

A Short Sale is a term used to describe a real estate transaction where the seller’s mortgage balance is higher than the current market value of the property and the lender (or lenders) doe not get paid the current mortgage balance but accepts a lower amount upon sale of the property.

Why do a Short Sale?

A short sale is beneficial when you can no longer afford to make the mortgage payments on your home. Some reasons may include job loss, illness; the adjustable rate on your mortgage has increased the payment to a level that you can no longer afford, job relocation and a variety of other reasons. Every situation is unique and here at Beach Bum Realty we have caring and professional individuals who will work with you to make this difficult situation as easy and confidential as possible. Contact us today for a free, no nonsense evaluation of your specific situation and we will help you solve this problem.

Why would the lender (bank) agree to this? 

The banks understand that the balance on your mortgage is much greater than the current market value of your home. The legal costs the banks incur to process a foreclosure can be in the tens of thousands of dollars. Add the additional aspect of hiring a realtor to sell the property, waiting for a buyer and the uncertainty of any profit at the end of the long journey; short sales make better business sense. With a short sale the banks can liquidate your mortgage before any of the foreclosure costs start accumulating, making the process simpler for the banks and many times more profitable. Here at Beach Bum Realty our experts will negotiate with your lender(s), list your home for sale and bring you qualified buyers to purchase your property before the agonizing process of foreclosure begins. We will work in your best interest to make the sale as stress free as possible. Contact us today for a no obligation, confidential evaluation of your situation.

Beach Bum Realty can put this all together 

Elisha Heebner specializes in short sales and is worth her weight in diamonds. You need someone who’s experienced, compassionate and understands your situation. Elisha is the person who will always be in your corner and will make sure that you are fully informed of the entire process. Contact Elisha @ 386-569-3335 today.

What will this cost?

What will this cost? That’s a great question. All commissions paid for the sale of your property will be paid out of the sale proceeds. Otherwise the lender picks up the tab. So basically it’s a win-win situation for you. The lender will pay Beach Bum Realty to sell your distressed property for them! The lender will ask that you fill out a questionnaire, similar to a loan application, where you will demonstrate that you can no longer afford to make your mortgage payments and the reasons why. Once this is received the mortgage company should approve your status and your Realtor takes over! No more harassing phone calls and no more stress.

Why Select the Beach Bum Specialists to complete a Short Sale?

Elisha Heebner can guide you through what seems to be a very harrowing maze of uncertainty. Elisha understands your situation and will work for you to get this bad experience behind you so that you and your family can move on and start enjoying your life again. Call her today @ 386-569-3335 to discuss how she can help you.