Thanks for coming to this blog. The first thing I am going to do is define a short sale:
Short Sale: A sale where the lender will agree to accept less than the full amount of the mortgage. This allows you to sell the house to an investor or other buyer for a good price, while the lender recovers the bulk of the amount due without having to pursue foreclosure proceedings.
That is the long and short of it.
A short sale may work for you if:
1) you are behind in your mortgage payments
2) your house is not worth as much as you owe
3) bank has started the foreclosure proceeding
4) you foresee yourself having a financial hardship in the near future that may cause you to miss payments.
All of these deals have to be looked at on a case-by-case basis to determine the likelihood of success. My success rate with short sales has been over 90% (over 90% of short sales I list end up closing and NOT being foreclosed on).
Call me to discuss your unique situation...it depends on how much you owe, how many loans, what lenders, etc.
Ben Blonder
Coldwell Banker Residential
Cell 970 420 6166
Email ben_blonder@yahoo.com
About Me
- Ben Blonder
- Fort Collins, CO, United States
- Originally from Chicago, I have lived in Fort Collins for over 6 years now, and have been in real estate for 4. I enjoy gardening, skiing, and poker as my main hobbies. I have become an expert over the years at short sales and foreclosures...I humbly think I know more about short sales especially than any other agent in Northern Colorado. I have experience with every kind of contract, have worked with so many different buyers, sellers, and investors. Transactions and contracts are everything...and this is where I have the most experience.
1 comment:
Thank you very much for providing important information. All your information is very valuable to me.
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