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Qualify For Short Sale

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A surprising number of people are using the phrase "real estate short sale" currently and that has drawn a number of curious people to wonder what all the commotion is all about. Anyone who has read newspapers or watched TV has probably come across some sort of stories about the declining real estate market leading banks to consider real estate short sales as an alternative to foreclosure. Real estate prices have dropped dramatically, and the sell time has risen as well. Detroit and similar regions are, it is fair to say, experiencing a full real estate market meltdown. These declining real estate markets are the main reason for the rise in short sale real estate.



Banks undergo a real estate short sale when they let a property be sold for an amount of money that is less than what it is worth. The following two conditions must be met in order for the bank to approve such a deal. Foremost, you will need to have a market value that is in such bad shape that the sale price of the property cannot cover the balance on the mortgage. The second condition is kind of obvious, but it dictates that the owners will be unable to continue making mortgage payments on the property.

Let's look at an example property that was bought five years ago for the rate of 217,000 dollars with an adjustable rate mortgage. Additionally, the owners took out a second mortgage of 10,000 dollars, which brought their total owed to 227,000 dollars.

Let's also believe that the property is in a part of the country where the market values have fallen to 215,000 dollars for similar properties, and that the adjustable mortgage interest rate has risen from seven to eleven percent. Finally, add the fact that one of the owners has just lost her job and the makings of a real estate short sale situation become apparent.

In avoiding time delays and expenses, the bank will probably decide to go with a short sale. The reason for this is that the banks believe it is better to get the property off their books and accept a smaller amount of money they are guaranteed to get than to accept an unknown amount in the future. This is generally how a real estate short sale works, though there are other complications that can arise from having owners and lenders not agreeing to the terms of the sale.

A real estate short sale is not a very pleasant experience, but it certainly isn't the worst experience they could have. If nothing else, it certainly beats being forced to accept a foreclosure on your credit report. These short sales can give the smart real estate investor a great buying opportunity.
Qualify For Short Sale
If many of these agents and investors just thought out of the box a little, they would realize the same fortunes many are experiencing today with more properties that they can handle. How would you like to have properties handed to you? Could you use a negotiation team to have your stagnant properties submitted with Buyer's offers?

You may ask, "Why yes, I could get an abundance of leads currently but all the properties I get, the Seller owes more than the house is worth."

With today's debacle of foreclosed homes, REO listings and homeowners over-leveraged, you would be 100% correct. You may not know how to negotiate on a short sale efficiently, you may not have buyers lining up in today's market waiting for you to offer them a dream house at a dream price, you may be a successful real-estate agent but just don't want to spend the time negotiating on short sales. The Short Sale House, LLC is presented with many agent frustrations. However, once they speak to The Short Sale House, they realize these "MONEY TREE" opportunities are a sure-fire way to both succeed and surpass their fellow agents.

Based out of southern California, The Short Sale House has been negotiating on short sales for over 4 years with a team of experts trained to receive the fastest acceptances at the best prices. Currently averaging over 14 acceptances per week, The Short Sale House is the industry leader in negotiating with lenders for many real-estate agents as well as investors.

The key to negotiating on any potential short sale property/listing is to have the skill-set to substantiate the buyer's offer, validate the geographic real-estate market in relation to the property being submitted, and have a relationship with the lenders where they realize the benefits of accepting our short sale offer over going through the foreclosure process. Through The Short Sale House's strong relationships they have built with the lenders over the last four years, they are able to receive acceptances on offers at a much faster rate than other short sale negotiation companies. The Short Sale Houses's experience and ability to receive acceptances in a timely fashion, usually in 30 days or less, has catapulted them above the industry leaders.

Recently voted by a national real estate forum as one of the most cutting-edge short-sale negotiation companies based out of California, The Short Sale House caters towards real estate agents, has a whole group of investors waiting to submit their offers on listings and has a professional team in place to handle the short sale negotiation process. The Short Sale House submits disclosure paperwork above and beyond what is required, has the best interests for not only the agents involved but the sellers as well and employs special tactics to get your properties from "cold" to "sold"!
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About Author
Both Rem.. & Ford are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Rem.. has sinced written about articles on various topics from . Also have a look at and . Rem..'s top article . to your Favourites.

Ford has sinced written about articles on various topics from Small Business, Home Buyers Guide and Real Estate. To find out more about how easy it is to increase your sales, visit and find out how little you have to do to close big. Plus, inqu. Ford's top article generates over 5400 views. to your Favourites.
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