Daniel & Karie Levine

Broker & Sales Associates, REALTORS

Short Sale Advantages



  
The following bullet points outline the advantages of a short sale, and why they succeed or fail.  
These are in general terms and can vary with each lender and each sale.
Advantages for the Seller to Short Sale
  • Debt forgiveness has been extended by the Federal Government
  • Start over quicker
  • May stop and or postpone the foreclosure process
  • No foreclosure on your credit report
  • Typical only affects FICO score by as little as 50 points
  • Avoid the stress of a foreclosure
  • Allow you to buy a home again sooner
  • Most banks offer cash back or financial relocation assistance
  • Lenders usually pay all the closing costs and broker commission – No cost to you.
  • Live mortgage free during the short sale process
  • Security Clearance may not be affected
  • Being responsible and doing the right thing

Quick Links:
Modification vs. Short Sale

Requirements for Short Sale
     Bank of America
     JP Morgan Chase
     Indy Mac
     Wells Fargo

IRS Form 4056-Request for Transcript of Tax Return

Making Home Affordable-
Request for Mortgage Assistance

Bank of America - 3rd party Authorization
Wells Fargo - 3rd Party Authorization

 

Advantages for the Lender to Short Sale

 

Advantages for a Buyer of a Short Sale property vs. Bank Owned-(REO)

 

Advantages for the Community & Neighborhood to Short Sale

 

When is a Short Sale More Likely to Succeed?

 

When is a Short Sale Unlikely to Succeed?

 

About Us:  We are an award winning team here at Prudential Troth Realtor, Experienced and Certified Short Sale Specialist.  We don’t use third party negotiators or have you talking with office staff that can’t answer your questions.  Our team is available 7 days a week for help and your personal information is kept confidential.  With years of experience and proven results, all you need to do is contact us for Free Help.  Call 661-810-2163 or 661-810-2162