Short Sales: To Do or Not? Foreclosure is not the only option

Short sales are very tricky.

Some people view this as a way to walk away from your home. That is not the intention of a short sale.

The reality is that a lot of people are experiencing financial hardships and with rates adjusting, some mortgages are becoming too much for homeowners. People have seen increases as much as $2,000 in their monthly mortgage payment.

Short sales are negotiated when the lender agrees to accept a sales price less than the mortgage amount. If this is the route you need to pursue, we fight vigourously to assist you.

Remember:

• Short sales are a timely process. This is very important to understand upfront.
• Real estate is limited and will always be in demand.
• Like life, real estate is cyclical. If you can hang on...do so. Preserve your credit rating and do what the house was intended for: live in it!
• Look at renting the property out. Let tenants pay your mortgage down while you move in with parents, friends or find lower priced living accomodations.
• Interest in mortgage loans is tax-deductible which will allow you to still reap a tremendous benefit.

If you would like to discuss your options, fill out our Short Sale Information Sheet on the following PDF: http://www.box.net/shared/uh1xxmpdca and email it to atlantamaven@gmail.com or fax to 404.238.9604.

We look forward to assisting you explore your options.