SHORT SALE ATLANTA
A short sale is a real estate transaction where a homeowner is facing hardship and gets permission from a bank to sell their property for less than they owe on the mortgage. If your house in Atlanta, GA is worth less than what you owe on the home loan, a short sale maybe your best alternative to foreclosure.
Short sale requires a unique set of skills for a real estate agent and the short sale approval can very much depend on how your agent negotiates with the lender and buyer. Our short sale team has a high success rate on approvals from the banks and closed short sales in Atlanta, South Fulton, Sandy Springs, Roswell, Johns Creek, Alpharetta, Marietta, Stonecrest, Smyrna, Dunwoody, and Brookhaven, Georgia.
Bank approves short sales when they believe a hardship situation exists, however, hardship is not only determined by how much money a person earns but also it factors in a person's expenses, especially if expenses have increased and income has decreased.
Stop Foreclosure Atlanta
Let our experienced Atlanta short sale real estate agents help you avoid foreclosure in Atlanta, GA. We will negotiate directly with your banks to get short sale approvals for you. Our goal is to reach out and educate homeowners who are behind on their mortgage or think they soon will be. We have solutions that may save your credit and enable you to start fresh.
Atlanta short sales are complicated but, can help sellers who owe more than home is worth. A short sale occurs when a property is sold for less than the total debt owed on the property. Atlanta short sale must be approved by the lenders and borrowers requesting a short sale must prove a hardship such as a mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation.
Our professional short sale service is totally free for our clients. Contact us for a free confidential consultation today!
Atlanta Short Sales
The simple schedule of loans and numerous connected techniques like the settlement of equal monthly installments has actually made buying a house an easy task. With the fast growth of real estate in Atlanta, Georgia you can rapidly prepare a perfect home on your own now. Nevertheless, many times, such investments can turn out to be dangerous. Mortgages on a house also can show to be the hugest danger feasible. You often can not involve terms with the area. At the same time, there are lots of opportunities that the worth of your house can depreciate rather than appreciating. Therefore, the value of money that you have invested in your home is much more than its existing value. This at some point ends up being a higher problem, if you got the house on a mortgage. To this rescue, comes a passionate solution is known as a Short Sale.
By doing a short sale, we merely suggest that you can sell your undervalued home to another home buyer with the approval of your financial institution. If the money owed to the bank takes place to be greater than the amount you will really get, in case you sell your house, after that the best decision would be to do so. If the financial institution accepts an Atlanta short sale, you can sell your home to a buyer at its decreased value and also obtain the balance crossed out by the financial institution. Typically, the bank writes off your equilibrium from its account. The amount not paid by you will be revealed as income in your accounts by the bank.
Short sale Atlanta only happens when there is an outright assurance that the money worth of the house can not increase in the future. To avoid the risk of a full loss, the financial institution often approves the reduced amount of short sale.
Risks additionally exist if you are the one that buys short sale homes in Atlanta, GA. There are several typical mistakes that people make when they buy a home for themselves in a short sale. If you are getting such a home, then you must very carefully inspect the condition of the property. Real estate investment will just pay if your home is in good condition. One more usual mistake is that of neglecting house issues. You have to ensure that there are no forgeries or legal problems with the property that you are buying otherwise it may lead to bigger troubles in the future.