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What is a "Short Sale" and how do I qualify?
A short sale is when you can sell your house but the sale proceeds are less than the total amount you owe on your mortgage therefore if you qualify for a SHORT SALE, your mortgage company may agree to a short payoff and then write off the portion of your mortgage that exceeds the net proceeds from the sale. You can qualify due to a hardship such as, death, divorce, illness, job loss or any other "hardship."
* Sellers are always advised to obtain legal advice and professional tax advice before agreeing to a short sale. A short sale will result in the loss of your home.
* Sellers are always advised to obtain legal advice and professional tax advice before agreeing to a short sale. A short sale will result in the loss of your home.
Can The Open Minded Team assist me in a Short Sale?
YES. The Open Minded Team are all Certified Distressed Property Experts, (CDPE) meaning that they have extensive training in regards to short sales and how to handle sellers, buyers, other agents and negotiators. By Maryland law, Realtors are not allowed to "negotiate" on behalf of any seller and therefore The Open Minded Team has a trusted group of attorneys with a high success rate, who perform all of their short sale negotiations at NO COST to the seller.
I can't afford to pay a Realtor, can I still do a Short Sale?
YES. The point of a short sale is that you don't have to pay ANYTHING at the closing. You don't pay Realtor fees, title fees, mortgage fees or any fees. Again, we recommend any seller seek legal and tax advice before doing a short sale. Please contact us for more information.
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We are Certified to list Short Sales
Not all agents are the same when it comes to short sales. It takes time and investment to get certified to assist home owners with the short sale of their home. WE ARE CERTIFIED so we know how to help.
Contact or CALL US TODAY, time is of the essence- 410 599 4161. |
