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     As the sluggish economy takes its toll on many homeowners, we are offering solutions.
Today I would like to bring to your attention to one of them – THE SHORT SALE.
 
What is a Short Sale? 
 " A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the homeowner is able to pay off the loan for less than what he owes."
 
     You will have full representation in the purchase or sale of real estate properties, and you may save thousands of dollars on each transaction.
 
     If you or someone you know is falling behind with mortgage payments, BrokerKing® will enter into negotiations with lenders on your behalf and try to help you avoid costly and unpleasant foreclosure proceedings, avoid eviction, help with relocation costs, and keep it all Strictly CONFIDENTIAL !!!
 
     In a typical foreclosure situation, you may end up losing the house and still owing the difference between what you owed and the amount the house was sold for,  plus foreclosure costs. We can help you avoid that*.  How do we do that ? 
 
 PROS:
 In a short sale the homeowner:
  • Does NOT pay the broker’s fee
  • In certain cases may stay in the property up to a few months without making mortgage payments
  • Does not have to go through a bankruptcy
  • Has enough time to find a suitable property to move to

CONS:

      In certain cases, after patiently waiting for few months, you may get a notice from the lender, who either has rejected the short sale, or is asking for a lot more money for the property from the buyer.

The lender may not co-operate if you cannot prove your financial hardship







BrokerKing   Alex Kupelian, Broker-owner
BrokerKing
27 Bennett Rd • Watertown, MA 02472 Map it
Direct: 617-407-9300 • Cell: 617-407-9300 
Fax: 617-231-4025 
[email protected]

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