In the current economic climate there are many families who are in trouble with their mortgages.  Contrary to popular opinion, not all of those homeowners made bad decisions when they purchased their homes.  In the last several years the United State has suffered record job losses.  Millions of American's who had good jobs and were paying their bills have now lost their jobs, their healthcare and their security. In some families, both the man and woman have lost their jobs leaving them with no choice but to sell their house. These families realize that in order to survive they must sell their home.  But these families find that their equity diminished and in many cases, they now owe more than they can reasonably expect to get on the open market; they need a short sale.

A short sale is when the seller asks the bank to allow a sale where the bank will be be repaid all money that they seller owe the bank on their mortgage.  The advantage to the bank is that they get the majority of their money back, they save the cost to go though the foreclosure process, and the chance that they house will sit vacant for a year or two, thereby further reducing the value of the house. 

For a buyer, this is a chance to get a very nice home at a great discount.  Most short sales are listed below the current market value and are a very good buy for the new buyer. 

Navigating a short sale from offer to closing takes patience, experience and a touch of luck. Short sales can take many months to complete.  Let us help you find a really great house at a very good price.  Please go back and fill out the form and let us get to work for you.

Linda and Terry Iwaniw

REALTOR Associates
ReSales & Investment Realty, LLC
609-417-1084
609-417-1086