What Are The Benefits of a Short Sale?
● Absolutely NO FEES or cost to you. In cases where there is a 2nd trust deed, fees and/or costs may occur.
● Gets you out from under a major debt that you cannot currently afford - with no future recourse.
● Allows you to stay in your home longer and gives you more control over your “move out” date.
● Not nearly as harsh on your credit report as a Foreclosure - In fact, you may be able to purchase a new home within 2 years.
● Judgments, liens and other deficiency amounts may be negotiated while in escrow (including IRS and franchise tax liens).
Unfortunately,
there is no magic RESET button that we can just push to make things go
back to the way they once were. In reality, the RESET button (or Short
Sale transaction) is a detailed manual process that can alleviate your
major financial burden if completed correctly. It's a 'best case
scenario' solution that will not likely be cut and dry. And, it can and
will likely create some new, yet more manageable financial and/or credit
related burdens / obligations. In the end, a successful Short Sale will
end.ShortSaletimeline.pdf
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