The following information describes the short sale process:
• Homeowners are “short” when they owe an amount on their property that is higher than the current market value.
• A short sale occurs when a negotiation is entered into with the homeowner’s
For the Foreclosure vs. Short Sale chart Click Here!!
If your home is at risk of foreclosure, you don’t have to panic. There are many ways to ease the difficult situation, and one may be right for you. The country has seen a recent spike in foreclosures and defaults. As a result, in addition to new legislature, lenders have been more willing to work with distressed borrowers to help keep them in their homes. If you or someone you know is in this unfortunate situation or may be soon, now is the time to act. I’m sending you this helpful Item of Value that will explain the ins and outs of foreclosure, how you can avoid it and what your various options are. You don’t have to be the next victim of foreclosure. There is help available—if you know where to look.
Nilesh Jethwa and Associates have been serving the Leland and Wilmington NC. I’m Nilesh Jethwa. I’m a Certified Distressed Property Expert (CDPE) in Wilmington NC and Leland NC Area. I make it my duty to provide honest and accurate information about the foreclosure process and short sales. A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales in Wilmington NC and Leland NC.The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. I believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional in the Wilmington and Leland area. We have the tools needed to help you find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short saleWe would gladly sit down with you and come up with the best solution to help you. To contact us please click here!