Free Classifieds
Home | Post Ad | My Account | Help | Affiliate Program | Local Classifieds | Just Viewed | Keyword Alerts
Username:
Password:
Affiliate Program
Post Ad
Enter your zip to find stuff near you
 
 Classifieds > Real Estate > Sale by OwnerFlag
Click here to flag this ad for review or to report a problem

$$$$$ Foreclosure Options $$$$$

Item ID#:3340206Location:
Montebello, California
Seller ID#:1021657 Views:
64
Price:$UnspecifiedExpires:expired

This classified ad has expired

Click here to view current advertisements similar to this one.

In case you don't know what a short sale is, let me me bring you up to speed.
A Short Sale is a Real Estate Transaction where the current homeowner can no longer afford thier current mortgage and want to sell the property but the only problem is they are "upside down" on the home meaning they owe more than what the property is currently worth.
For Exaple: John Smith bought a property in 2008 for $500,000 but in todays market is only worth $325,000.

Typicaly, John would not be able to sell the property because he does not have enough equity to what he owes.

This is where the Short Sale kicks in and the Homeowner or Realtor would negotiate with their mortgage company get the back to essentially take the loss on the property as well pay for all costs incurred from the sale such as Realtor Commissions, Escrow Fees, Buyer's Closing Costs: etc.
In turn the bank would not have to deal with any evictions, tacking back properties in poor condition and for the homeowners they will no longer be liable for the debt and take a much less severe hit on their credit.

Bill Fierro/ Dre#00897279 Call 323-707-3331
Share
My Account
Post Ad
Local Classifieds
Help Topics
Copyright© 1999 - 2014 USFreeads. All rights reserved
Please read our Terms of service & Privacy Policy by TRUSTe
Privacy Policy by TRUSTe
Security Verified

Contact Us
Privacy Policy
Terms of Service
0

AHvHBttHpdAkvHk
7/29/2014 7:27:11 PM UTC