Short Sale Suffering? No need...

Posted by Jennifer Mackay - Owner on Saturday, November 19th, 2011 at 11:11am.

   

 

panama city real estate short salesThis year the buzz across the real estate internet is and remains all about Short Sales, and what great deals they are for sellers who are under water on their mortgages.  If you are not familiar with the process of how a Short Sale works, however, this Great Deal could become your Selling Nightmare.

A short sale occurs when a seller owes more for a home than the current market will allow it to be sold at, and the seller is unable (for whatever reason) to continue to make the payments.  The Seller is asking the bank to accept whatever He/She can sell the home for, and forgive the remainder of the debt so as not to adversely affect His/Her credit.

Because the 3RD Party Lein holder is involved in all aspects of the transaction, and their approval is required at every step of the process for the sale to move forward, a "Short Sale" is anything except a Short Process.  On average, a Short Sale can take anywhere from 90-160 days to complete, and requires diligence in keeping all bank and contract documents up to date.

Jennifer Mackay is unique in that she utilizes a law firm's "Short Sale Negotiator" to work exclusively with the Seller's bank to negotiate every aspect of the contract.  These specialists work only on the Short Sale contracts to ensure every "I" is dotted and every "T" is crossed, to process the sale as quickly as possible, so you can move on with your life.

If you are interested in listing your home, but aren't sure if you qualify for a Short Sale program, or would like more information on how the Negotiation process works and what to expect when you list with Jennifer Mackay, please call (850) 774-6582 for more information.

Remember, selling your home is stressful enough without having the added worry of the bank breathing down your neck.  Having the RIGHT listing agent with the tools and knowledge to smoothly facilitate the sale can turn your nightmare into a dream transaction!

 

Hi, and welcome to our Panama City real estate blog. Feel free to share your thoughts and insights as comments are always welcome, whether you are a consumer, journalist or another real estate professional. Our blog includes local and relevant national real estate information, Condo and Home market statistics, personal and professional insights and information about various neighborhoods, subdivisions and listings. If you would like additonal information on any of our topics, please use the contact form and I will be glad to assist you.

1 Response to "Short Sale Suffering? No need..."

Short Sale Suffering? No need... | Panama City Real Estate | Scoop.it wrote: [...]
Short Sale Suffering? No need...

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Source: www.jennifermackay.com[...]

Posted on Saturday, November 19th, 2011 at 11:29am.

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