Short Sales

Considering A Short Sale?

Windermere Can Help

If you are facing a hardship and finding it difficult to make your mortgage payments, we can help you understand some of the options, and guide you through what may be unfamiliar territory so that you can make a more informed decision. Options you may be considering include:

— Keeping your home and negotiating a loan modification or refinance

— Selling through a short sale

— Going through the process of foreclosure

If staying in your home is your primary goal, the Home Affordable Modification Program (HAMP) or Home Affordable Refinance Program (HARP) may help you avoid foreclosure by modifying or refinancing your loan to a level that you can afford. We can work with you to determine which solution is better for you, and whether you meet the requirements for eligibility.

If your main goal is to avoid foreclosure and sell your home, then the Home Affordable Foreclosure Alternatives (HAFA) and HUD Preforeclosure Sale Programs may allow you to engage in a short sale, in which your lender agrees to a sale of your property for less than what is owed on the mortgage while releasing you from liability for the unpaid mortgage debt. We can help you determine whether you qualify for these programs, and which is most appropriate for you.

After reviewing your personal and financial factors, preferences, and eligibility, we will recommend that you speak with a real estate attorney, accountant, or other professional about the legal, tax, financial, and other implications for your particular circumstances to ensure that you are completely informed and making the choice that’s right for you.

If you decide that a short sale is your best option, choosing the right real estate agent to represent you can be critical to your success. That’s because:

— Short sales are particularly complicated real estate transactions

— Short sales take several months, and are at a higher risk of falling through

— We are familiar with the layers of management, insurers, and investors who will need to approve the sale

— Banks may require you to use an agent experienced in handling short sales

Whatever your situation and goals, the vast resources of the Windermere network allow us to provide the appropriate expertise to help you achieve the best outcome.