Living Beaverton - Your guide to everything Beaverton

Are you in a situation that you are in default, but can't sell your home for what it was worth when you bought it? Maybe the problem is the home is still the same value as it was when you bought it, but after real estate fees and taxes, you would have to come out of pocket, with money you don't have, to sell your home.

These are all reasons people sometimes sell their home via a short sale and sometimes you don't have to, if you know the options. Because even though you aren't going into foreclosure, a short sale can still affect your credit.

Now, even if you want to sell your home on short sale, instead of looking at some of the other options available to you, it is still important to work with someone who knows how to work with a bank.

A short sale can sometimes be very time consuming and you need to know who to talk to at the bank in order to facilitate a transaction to avoid a property from going to foreclosure. If you have read on short sales, then you have heard the horror stories of it taking months for a bank to get back to the buyer and seller on a potential offer on a property. (Sometimes
                                                                 you just don't have that kind of time!)

I've had one case where I was contacted two days before the auction and I was able to facilitate the short sale with two different banks, and got the seller out of the situation of a for sure foreclosure. Yes, you read that correctly, two days from the time of getting the listing, to an accepted offer from the bank, and another foreclosure avoided!

Now, this isn't the norm, but most people would have said it was impossible and walked away leaving the home owner to losing their home and having their credit completely ruined!

If you are in default, and need help to facilitate a short sale with your bank, please contact me. I would love to sit down with you and go over your options.

Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739

Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573

 

 

 

 

 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

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