PremierLots | September 20, 2009
A short sale is when the bank allows people to sell their home for LESS than the current balance on their loan.
Why would a bank do this?
Banks are in the business of making loans.
Lending money.
NOT managing properties.
The banks don’t want these non-performing assets on their books because it hinders their ability to continue to make [...]
Welcome! We've set up this blog as a place for homeowners and real estate agents affected by the market's current flood of short sales. Bellevue Short Sale Experts encourage you to post your questions and comments here as we take pride in providing quality consultation that is open to checks and balances in this community forum.
We invite you to join our Q&A, as you empower yourself by gaining the knowledge you need to make informed decisions regarding your short sale situation.
A short sale is trying to get a property sold -short of what the homeowner owes to the bank. If you are a homeowner this is often a better option than foreclosure.
If you're trying to stay in your home, we suggest filling out our loan modification criteria to see if you're a candidate to modify your loan. If you're not qualified- it's time to look further into the short sale process.
AGENTS- We have systems in place to negotiate your short sale & get it on the MLS with lender approval! What's better? You get to do what you do best: market, buy & sell real estate while forgetting the stress of your short sale listing and collecting FULL COMMISSION! Inquire today to see how you can work with us.
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