In today’s economy, many Homeowners are faced with the unfortunate reality of mortgage delinquency or diminished property value. Historically, this may have resulted in foreclosure, loss of equity, damaged credit scores and even judgment liens.
There is Another Answer … a Short-Sale!
What is a Short Sale? In a nutshell, a Homeowner cannot obtain enough money in a sale to satisfy the amount owed to a Lender so the Lender agrees to sell the property at a value less than or “Short” of the amount due and may even agree to forgive the difference to avoid foreclosure. In this event, the Buyer obtains a property at a good value, the Seller is released of the financial burden and stress and the Lender recovers a portion of the loan with the ability to write off the loss. A win-win for all.
Whether you are a Buyer, Seller or an Investor, a Short Sale can result in direct financial gains. Interested?
Contact us to learn more about this unique opportunity in the Real Estate market.
Ron Humes 859-621-1276 / ronhumes@lexre.com