Is a Short Sale the Right Sale For You? Everything You Need to Know About Short Sales

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Why You Should Choose the Charlotte House Hunter Group to Help With Your Short Sale?

Short Sale transactions are complex transactions.  While the typical real estate transaction has only a buyer and seller to contend with, the addition of the bank as a third-party beneficiary changes the entire dynamic of the transaction. 

Our group has been assisting distressed sellers with their short sale since 2008 and has successfully negotiated settlements with Citibank, Wells Fargo, Bank of America, Chase Bank, Suntrust, and GMAC just to name a few.  Also, our licensed full-time staff are dedicated to assembling and tracking your hardship package through the bank to ensure that a resolution can be sought as quickly as possible.

We work hand-in-hand along side the Law Office of Brady and Kosofsky, which allows you the benefit of having knowledgable council on standby.

While we cannot offer any guarantees with the success of your sale, we will do everything possible to list your home competitively, obtain a contract with a legitimate buyer, and negotiate with you and your bank the best possible outcome. 

What is a Short Sale?


According to the North Carolina Association of Realtors®, a short sale occurs when the purchase price is or may be insufficient to enable seller to pay the costs of sale, which include but are not limited to the Seller(s) closing costs and payment in full of all loans or debts secured by deeds of trust on the Property due and owing to one or more lender(s) and/or other lienholders.

The seller also does not have sufficient liquid assets to pay any deficiencies. The lienholders agree to release or discharge their liens upon payment of an amount less than the amount owed, with or without the Seller being released from any further liability.

 

Topics

What is a Short Sale

Qualifications for a Short Sale

The Short Sale Process

Cost of a Short Sale

Timeline of a Short Sale

Tax Implications of a Short Sale

Credit Implications of a Short Sale

Home Affordable Foreclosure Alternative (HAFA) Program

Promissory Notes

Short Sale Frequently Asked Questions

Documents for Sellers

Active-Duty Military: Avoid Foreclosure through the Soldiers and Sailors Act

Foreclosure Prevention Scams

Blog Posts on Short Sales