What is a short sale?
A short sale in real estate is when the proceeds from the sale actually fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or lender agrees to accept less than the amount due to an economic or financial hardship.
Will I qualify for a short sale?
It depends. The two main qualifying factors:
1.) You are experiencing or will be experiencing an economic or financial hardship.
2.) The value of your home is worth less than the current loan balance.
Unfortunately there are a lot of inexperienced Realtors® and self-proclaimed gurus that will tell you that you need to be behind on your mortgage payments to qualify for a short sale. That is simply not true. We have negotiated, received approval, and closed on short sales in which the borrower never missed a mortgage payment.
How much will it cost me?
Nothing. We do not charge you to process your short sale. We are paid our real estate commission at the closing from the gross proceeds of the sale by the bank or lender.
Why should I choose Green Brick Realty?
Green Brick Realty, our law partners and the short sale division are one of the most highly experienced teams you will come across in this area of real estate. You will have access to a professional law firm that will answer all your legal questions and a real estate company that will help you locate a buyer for your home. We streamline the process to make your life as simple as possible.
Give us a call today. We are here to help
Green Brick Realty