SHORT SALE MARIETTA GA
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 Marietta, 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 Marietta 30008, 30060, 30061, 30062, 30063, 30064, 30065, 30066, 30067, 30068, 30080, 30090, 30152, Atlanta, South Fulton, Sandy Springs, Roswell, Johns Creek, Alpharetta, 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 Marietta
Let our experienced Marietta short sale real estate agents help you avoid foreclosure in Marietta, 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.
Marietta 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. Marietta 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!
Marietta Short Sales
The simple schedule of loans and a number of associated approaches like the settlement of equivalent monthly installments has made buying a house a very easy task. With the rapid growth of real estate in Marietta, Georgia you can promptly prepare an optimal house on your own now. Nonetheless, many times, such investments can turn out to be risky. Home mortgages on a house also can confirm to be the hugest risk feasible. You often can not involve terms with the location. At the same time, there are several opportunities that the value of your house can drop rather than appreciating. Therefore, the value of money that you have spent on your house is far more than its present worth. This at some point becomes a higher issue, if you purchased the house on a home mortgage. To this rescue, comes a passionate solution referred to as a Short Sale.
By doing a short sale, we just imply that you can sell your undervalued home to another buyer with the authorization of your bank. If the money owed to the bank happens to be greater than the amount you will really get, in case you sell your home, after that the best decision would be to do so. If the bank agrees to a Marietta short sale, you can sell your house to a buyer at its decreased value and obtain the balance crossed out by the financial institution. Typically, the financial institution crosses out your balance from its account. The amount not paid by you will be shown as revenue in your accounts by the financial institution.
Short sale Marietta just occurs when there is an outright guarantee that the cash worth of the house can not increase in the future. To avoid the risk of a complete loss, the financial institution frequently accepts the lowered amount of short sale.
Dangers likewise exist if you are the one who purchases short sale homes in Marietta, GA. There are several common mistakes that people make when they purchase a house for themselves in a short sale. If you are buying such a house, then you need to very carefully look at the problem of the property. Real estate investment will just pay if your house remains in good condition. One more usual mistake is that of overlooking house problems. You have to make certain that there are no forgeries or legal issues with the property that you are buying otherwise it might result in bigger problems in the future.