Category Archives for "Short Sales"
Any information relevant to Short Sales
Any information relevant to Short Sales
Charlotte, NC December 7, 2017 – FORCE Advisory Council Chairperson Nancy Braun, owner and Broker-in-Charge of Showcase Realty, has earned the first and only North Carolina state specific Certified Short Sale Seller designation through Advance Mortgage Education. With well over two decades experience in the real estate and mortgage market, Braun will bring her expert knowledge of specialty markets to help short sale sellers and homeowners underwater navigate through the arduous process of short sales.
Braun states, “This North Carolina Short Sale Seller course provided updated, comprehensive and critical information to effectively represent sellers in complicated short sale transactions. I can provide a better option to sellers facing the potentially devastating effects a foreclosure can have on them and their families. It is gratifying to know that I can make a difference in my clients’ lives and help them get back on track to financial freedom.”
Advance Mortgage Education, Inc was the very first to conduct Short Sale and Loss Mitigation continuing education courses in North Carolina in 2003 stating, “We are the only education provider to have courses approved with the NC Real Estate Commission, the NC Banking Commission, and the NC State Bar. We have been providing North Carolina real estate agents, loan officers, mortgage brokers, paralegals and attorneys with Short Sale courses for the past fourteen years.”
FORCE. Creating Quality Connections.
A short sale may be a good option if you need to sell your home but find that you owe more on your mortgage than the current estimated value of the property. It is an agreement between you and your lender that the lender will accept less than the full payoff amount for your mortgage.
These days, short sales are becoming more and more popular throughout the country with a noticeable increase in many states. However, many people are still unfamiliar with it.
Once you have determined that a short sale is the right step for you and your family, you will next want to consult with Charlotte short sale agents. While any agent can assist you with a short sale, not all agents have the experience to avoid the pitfalls or know how to help you expedite the short sale process.
A short sale includes negotiations between a number of people, so it is wise to have an expert on your side to guide you. The process tends to be lengthy and includes paperwork-intensive transactions.
This type of real estate transaction is too complicated to trust to a novice and the process should never be taken lightly. In fact, short sales can be 4 to 5 times the amount of work as a regular transaction.
There are some real estate agents who claim to be short sale experts but do not have the education or experience to provide the service you need. Don’t make the mistake of choosing an agent to do your short sale simply because that agent has an impressive website or has taken a couple of short sale classes. Keep in mind that a short sale class, even one which results in certification, does not necessarily make an agent a short sale agent.
The short sale transaction is complicated enough and taking on an agent who is incapable will only add to the challenges. If you are not familiar with the short sale process and also hire an inexperienced short sale agent, then you will be creating more problems for yourself.
Here are some questions you should consider when choosing short sale agents to work with:
Given the complexity of paperwork and negotiations, it’s essential to work with the best Charlotte short sale agent. That would be me, Nancy Braun.
Our team at Showcase Realty specializes in short sales and encourages sellers to use this process, rather than go through the devastation of a foreclosure.
We are committed to delivering a high level of professionalism and will be by your side every step of the way in assisting to find a favorable solution for your situation. We will discuss with you the details of the process including the things you should expect.
Call me, Nancy Braun, at 704-997-3794 to learn more about short sales and how they will benefit you.
In case you cannot view this video here, please click the link below to view Charlotte Short Sale Agents on my YouTube channel: https://youtu.be/JJY-HfcmnVs
NPR’s Marketplace ran a story this morning suggesting that with low interest rates and low prices, now is a great time to buy a home. Foreclosures and short sales offer great deals, and the best path to find them is through a specialty brokerage. As a premier agency for bank-owned properties in the Charlotte area, Showcase Realty has dozens of listings throughout the metro area.
Number on way to avoid a foreclosure and the auction of your home is according to Bank of America is – A SHORT SALE!!!
A short sale is the a way to sell your home and settle your motgage debt for the less than what you own on it! This is not only a positive for the homeowner, but also for the bank because they get more than they would if you home was foreclosed on. Some additional benefits are below:
Another option is to get a Deed in Lieu of Foreclosure, in which you give your property’s deed to the bank. This will still have a negative effect on your credit, but it is a much easier process than going through a foreclosure.
CLICK HERE for a checklist to smooth the transition from your home, and to get contact information for valuable assistance!
Bank of America is anticipating a 60-70% increase in short sales for 2012, which will be between 160,000 to 170,000 sales compared to 100,000 in 2011 and 90,000 in 2010. These increases are attributed to many things other than the increasing speed and ease of short sales, including the following as stated: