I HAVE TO SELL MY HOME IN OREGON, BUT I DON’T HAVE ENOUGH EQUITY TO PAY A COMMISSION
By c21jcjones
This is a tough spot to be in.If you are or about to be behind in your payments and your house is worth less than your mortgage plus selling costs, you probably need to do a SHORT SALE.Contact your lender, explain your situation in full.Put your property on the market with an office experienced in handling short sales. They can negotiate not only the dealings with your buyer, but just as important, the delicate negotiations with the lender in order to help protect your credit record to the extent possible.
If the lender approves the deal and your sale proceeds are short, the closing costs and realtor fees are paid by the lender. This benefits them as well, since they usually realize more from a short sale than from a foreclosure.
I HAVE TO SELL MY HOME IN OREGON, BUT I DON’T HAVE ENOUGH EQUITY TO PAY A COMMISSION
By c21jcjonesThis is a tough spot to be in. If you are or about to be behind in your payments and your house is worth less than your mortgage plus selling costs, you probably need to do a SHORT SALE. Contact your lender, explain your situation in full. Put your property on the market with an office experienced in handling short sales. They can negotiate not only the dealings with your buyer, but just as important, the delicate negotiations with the lender in order to help protect your credit record to the extent possible.
If the lender approves the deal and your sale proceeds are short, the closing costs and realtor fees are paid by the lender. This benefits them as well, since they usually realize more from a short sale than from a foreclosure.
Tags: Foreclosures, Short Sales
This entry was posted on March 14, 2009 at 4:47 am and is filed under Grants Pass Real Estate, Homes for sale in Oregon, Klamath Falls Real Estate, Oregon Living, Oregon Real Estate, Real Estate, Real Estate comments, Short Sales, Short sales in Oregon, Southern Oregon Foreclosures, Southern Oregon Real Estate, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.