WHAT IS A SHORT SALE? A few years ago you would never have heard the term Short Sale. Now it is as common as New Listing. A short sale means that in order to sell a specific home the bank that has a mortgage on the home has to agree to take less then what is owned on that home. For example, A couple bought a home in 2005 for $225,0000.They financed $218,000. Now because of job loss in the family they can no longer afford the mortgage payments. The home owner needs to sell the home but, because of the economy the value of that home dropped to $175,000. So the only way it will work is for the mortgage company to take far less then they are owed. If they will not do that then the home owner has no choice but to let the home go back to the mortgage company in the form of forclosure. Because it is very costly for the mortgage company to go thru forclosure they are far ahead to take less now then get it back. I have become a Certified Short Sale specialist and would be happy to meet with someone you know that is in this situation. A home owner is MUCH better off to go thru the short sale process then to let their home go thru Forclosure. Call me and I'll show you why.
. Welcome to The Discovery Team Web Site.
The Discovery Team is here to make the buying or selling of your next home as simple and painless as possible. Our web site provides a quick and simple comprehensive way to Search the MLS.
We have tools for you like our FREE Property Organizer Accounts, Mortgage Calculator along with Buying Tips and Selling Tips.
We have our Featured Properties all listed here for you to peruse. As you view any property from the Featured Property List or from a MLS Search you can easily add them to your Property Organizer Account for later evaluation or comparison.
Need an idea of monthly payment? Use our Mortgage Calculator to get an idea of the monthly payment amount versus the selling price of the home you like.
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