About Short Sales (Short Payoff)

In this difficult financial time, more sellers are finding themselves turning to short sales as a way to avoid a foreclosure. During the short sale process the seller arranges with their mortgage lender to accept a price that is less than the amount owed on the property. The forgiveness of the lender allows the sellers to get out of the house while avoiding a foreclosure. A short sale can be of benefit to both the seller and the buyer; however, the buyer must be willing to be in it for the long haul. Some short sale deals can take months to close but acquiring a property at a discounted price, is well worth the wait. I work with all buyers, sellers and lenders to make the process go as smooth and quickly as possible.

Because banks are in the money lending business and not in the sale of real estate. They are looking to sell their Real Estate Owned (REO) properties as quickly as possible. A great benefit of purchasing an REO is the banks are not looking to turn a profit; but rather, simply recover their money.

When it comes to bank owned properties, timing is everything. An REO can be a great opportunity for the first time home buyer looking to purchase their first piece of real estate, while investors are looking to find a real steal.

With the right agent and team on your side, the process of finding a great REO can be very rewarding. Simply fill out the form below and let us do the work for you. Based on the information will provide you with a list of bank owned properties that meet your needs.