Short Sale Process For Dummies

October 1, 2009 by  
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Own a house, owe more than it’s worth, have financial hardship, and want out? You need to short sale. First call up your lender and get the required Short Sale documentation. Next get an offer on your property, any offer because most banks won’t short sale without one. Take the offer and required documentation and submit it to your lender.

Continue to market your home and get backup offers because if your first offer was not high enough the lender will counter and tell you they want a higher offer. An ideal offer is one that is close to the appraised value of the house. If your offer is in the neighborhood of the BPO most likely the lender will green light the deal. The final step of the short sale is to begin escrow and close the transaction. This is the short sale process in a nut shell.

We can help you with the process and do it faster than any other company.

Contact us at 888-877-0078 or at http://HousingAssist.com
If you need help or have any questions, there is no charge for a Short sale or advice.

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