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What Is A Short Sale?
by Mark Horan?
Welcome > For Sellers >
What is a Short Sale? by Mark Horan? ...
One of the buzz phrases of Real Estate currently is the phrase "Short Sales". What is it and how is it done may be your first question. A Short Sale is a process where a lender allows the sale of a home for less than the amount of the note, or the mortgage and in some cases forgives the homeowner the deficient amount. This process is to avoid an impending foreclosure. The homeowner must show a hardship to the lender of why the note cannot be repaid. The offer for purchase needs to be an amount that the lender feels that it is in their best interest to accept as opposed to the amount they will eventually receive in a foreclosure. This process isn't a right and it isn't guaranteed. Currently the success rate is only 20% to 30%. Every condition is different. If you are behind on your mortgage, you want to sell your home but your afraid that you cannot pay the Real Estate Professional's commission, the commissions are included in the Short Sale and are paid by the lender. The homeowner does not receive any revenue or pay any fees. Find a Realtor that deals with Short Sales regularly, an experienced Realtor can make your success is almost guaranteed. The Resident Team has experience with Short Sales. Call The Resident Team, we will console you so you understand all of your options. 407-301-0312. Or Fill out the form below. We will get back to you within 24 hours. If you have missed mortgage payments, don't wait, the clock is ticking.
 Please take a minute and fill out the form below and we will contact you. Let's get this behind you.
Investment Real Estate >The Right Time to Buy Are you waiting for "just the right time" to get into the real estate market? The signs indicate that there is no time like the present. Interest rates are still comparatively low and buyers are shopping for new and second homes in great numbers.
Vacation homes are very popular for investment purposes and personal enjoyment. You can use your vacation home as a getaway property now, and by the time you retire you will have paid a significant amount on the loan. If you live in a vacation home for 14 days a year or less, you can take depreciation on it.
Another important benefit is that tax deductions in the form of interest and property taxes help to offset the cost of paying for a second home. If the debt does not exceed $1 million, mortgage interest payments on principal residences and second or vacation homes are fully deductible for tax purposes.
Don't waste valuable time while interest rates creep upwards -- all you need is the right real estate agent to guide you!
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| Q |
What are the world's most valuable chairs?
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| A |
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330. |
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Mark Horan
Resident Team Realty LLC
1813 West Virginia Dr.
Kissimmee, FL. 34744
Phone: 407-483-5534
Fax: 407-426-1101
Email: markhoran@NUMBER1EXPERT.com
The Resident Team welcomes anyone looking to buy or sell their home. We use all the latest technology to search, market and get the results that you desire. You will be kept up to date all along the way. We are a partner you can trust. Don't just listen to us, read the testimonials of our past clients on our web-site, they are our true voice.
Buying or selling a home can be the most stressful activity that a person can experience. It doesn't have to be that way! The Resident Team will strive to make it exciting and enjoyable!
Contact The Resident Team today for your Professional Real Estate experience. We specialize in Bank Owned Foreclosures.   
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