What is Short Sales Deals!How to find profitable short sale deals?
A Comprehensive Questionnaire on Short Sale Process
What
is Short Sale?
In simpler terms, a short sale occurs
when a person’s property is sold on lower amount than the balance remaining on
the owner’s mortgage. Also called as a pre-foreclosure sale, a short sale acts
as an substitute for the homeowners who cannot afford to pay the mortgage any
longer and need to move from the property in order to avoid a foreclosure. Most
such homeowners who cannot afford to pay their mortgage agree for a short sale
as they believe that a short sale is more beneficial to them than opting for a
foreclosure process which often is a costly and drawn out process. For similar
reasons, the homeowners are willing to accept much lesser than the amount they
owe to pay off the loan.
Are
Real Estate Agents reliable when it comes to handling Short Sale?
Only an experienced Real Estate agent and
Short Sale expert can effectively handle Short Sale as it one of the most
complicated processes. As you wouldn’t want your dentist to perform a cardiac
surgery on you, similarly only a short sale specialist with significant
experience should be hired to negotiate the short sale deals for you. Jeff
Kaller is one of the most acclaimed Short Sale experts who can help you
negotiate the Short Sale deal without charging a bomb. In addition, you can
also look forward to enjoy a wide range of pocket-friendly Short Sale deals by Jeff Kaller.
How
to find profitable short sale deals?
It could be a daunting task to locate
lucrative short sale deals if you are looking to buy short sale properties. However,
one sure-fire way to ensure that you are up-to-date with all the deals going on
in the Real Estate business is to find an experienced short sale specialist.
You could find a list of such short sale specialists by simply doing an online
search. And when it comes to Short Sale specialists, Jeff Kaller is perhaps the
most trusted names. Attend meetings and seminars conducted by Jeff Kaller and
his team whenever you can to find a wide variety of Short Sale deals by Jeff Kaller. In the meetings and
seminars conducted by Jeff Kaller and team, you can voice out your requirements
and may get introduced to concerned investors and agents. With their help and
networking capabilities, you may even be able to get on to their buyers list.
What
is the duration of a short Sale process?
It would be hard to estimate a correct time
frame for a short sale process as a short sale process is lengthy and complex. As
lenders may have several layers of insurers, management and investors, you may
need to go through them before the process is approved. If you are the one who
is undergoing a short sale for his/her property, you need to be really patient
during the whole process. It is also advisable to work with a negotiator as
they would be familiar with the proper requirements of the lenders and ensure
that the process moves smoothly and quickly.
Why
do homeowners opt for short sale?
If an
owner’s property is worth less than what’s owed, the property is considered to be “underwater”.
These “underwater” properties cannot be sold in the
open market without paying the difference in the amount owed. However, things
can go complicated if the current purchase price of the property is not
equivalent to what’s owed by the homeowner and the homeowner is caught in a
shortfall of total amount. This is where Short Sale comes in handy for the
homeowners. The process of short Sales may rescue homeowners in such a
situation.
Check out more at: http://www.youtube.com/watch?v=P1yUvXSNp4g
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