Short Sales
Are you upside down? This could be a very hard on families. I have over 9 years experience in this area. Some short sales take 3 months, some have taken over one year.
Let me back up. What is a short sale? a short sale is a solutions to pre forclosure. The bank is chasing 4 to 5 late payments and are threating to foreclose your home. you seek an agent to help you. Of course I hope its me!
Clients wish to refinance. I have tried to helped folks refinance their home but no matter what is promised from the bank over 90% end up back with me. I then share the benefits to selling:
1. If sold you go from over 13 years bad credit down to 1 year or more.
2. The banks will usually pay for agents commision and some closing costs. An expense you can dodge.
3. A good portion of customers have been relieved of the shortages accured from a SHORT SALE. ( you got less for the home than you paid for it. The banks gives permission to take less.)
For those who had to pay anything the rule is you pay taxes only for the difference of your debt of the sale. EXAMPLE: You owed 130,000 you sold it for 100,000 the bank took a short of 30 k . You pay your 20 -40% tax bracket on the 30k only.
Please call 719-821-1181 to request a short sale packet . you may also reach me through e Mail [email protected]
Let me back up. What is a short sale? a short sale is a solutions to pre forclosure. The bank is chasing 4 to 5 late payments and are threating to foreclose your home. you seek an agent to help you. Of course I hope its me!
Clients wish to refinance. I have tried to helped folks refinance their home but no matter what is promised from the bank over 90% end up back with me. I then share the benefits to selling:
1. If sold you go from over 13 years bad credit down to 1 year or more.
2. The banks will usually pay for agents commision and some closing costs. An expense you can dodge.
3. A good portion of customers have been relieved of the shortages accured from a SHORT SALE. ( you got less for the home than you paid for it. The banks gives permission to take less.)
For those who had to pay anything the rule is you pay taxes only for the difference of your debt of the sale. EXAMPLE: You owed 130,000 you sold it for 100,000 the bank took a short of 30 k . You pay your 20 -40% tax bracket on the 30k only.
Please call 719-821-1181 to request a short sale packet . you may also reach me through e Mail [email protected]