A short sale is when a home owner is selling their home for less than what is owed to the bank.
In order for a seller to do this, the seller must first get “permission” from the bank to “short sale” the home, by providing the lender with the following information: Proof of the sellers financial “hardship”, copies of their last 2 years tax returns, current paystubs, and a very long list of other information.
If you own a home, and are considering a short sale, make sure you talk to a Real Estate Agent that has experience/training in this arena. It takes a thorough understanding of the process and forms, plus patience and persistence. Laurie and I are both CDPE (Certified Distressed Property Experts) and we can make the process “as painless as possible”. We are not saying there won’t be any pain if you work with us doing a short sale on your home, but we can reduce the pain.
If you are a buyer, and are considering purchasing a short sale because you perceive short sales to be a prudent investment, you should also consider working with an agent who has experience or training with short sales. Again, Laurie and I would love to help you find a short sale that meets your needs, and we can share with you many of the “issues” that you will face with the short sale process.
Kevin Stahle, GRI, e-PRO, QSC, CDPE
719 331 3123 Cell/Text
Laurie Stahle, GRI, QSC, CDPE
719 205 1520 Cell/Text