“Team Elite” has been very active in this real estate market. We are aware of the needs out there at this time an have helped many home owners.
The future of the Real Estate market is heading toward Short Sales. A Short Sale is a Real Estate transaction in which the proceeds from the sale do not cover the balance owed on a loan or loans on the property. Lenders then accept a discounted payoff on the loan and allow the sale to close escrow. The bank or mortgagor and the homeowner will sell the property for less than the outstanding balance of the loan, turn over the proceeds to the lender or bank, most often in Full Satisfaction of the debt.
A short sale is accomplished through negotiation with a bank’s loss mitigation department on the part of a Real Estate agent like “Team Elite”. We have a team of professionals working together for one purpose and that is to help home owners in this market.
Please let us know if you would like some more information on this process or would like to schedule an appointment to discuss your options. Our team is available at any time for you.
Keller Williams Realty