Wednesday, August 27, 2014

What is a Short Sale?

A Short Sale is a win-win solution for the home owner, the lender, and the buyer. The lender gets the highest price for a quick sale at the current market price. The borrowers get their credit restored and generally get relief from possible future legal actions and deficiency judgments.

A Short Sale occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed. In a short sale, the homeowners get complete relief from all of their mortgage debt.

The end result is the condo or home is sold, the mortgage is satisfied (paid off) and the seller avoids a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, a sellers credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.

The Jerry Pinkas Short Sale Team, is committed to providing outstanding service and value to buyers and sellers. We are widely recognized as the preeminent Real Estate Sales Team in the area. We are known for developing quality working relationships with our clients; relationships based on respect, integrity, and trust. The Jerry Pinkas Short Sale Team is proud to have developed beneficial relationships with lenders, inspectors, contractors, and a wide range of housing professionals. We pride ourselves on building a solid foundation for your home to rest upon. Whether you are purchasing, selling, or both…we ensure that you have the support you need to make to make sound decisions and receive the best deal possible. We go the extra mile for you!

The agents or The Jerry Pinkas Short Sale Team take the time to listen to your needs and dreams. We work tirelessly to facilitate your goals without compromise. We are committed to treating every client as if they are our #1 priority.

Whether you are buying, selling, or simply considering a move, we will be happy to speak with you.

Real Estate Sales are our specialty!

Jerry Pinkas Real Estate Experts.
604 N. 27th Ave
Myrtle Beach, SC
843-839-9870
http://www.homeguidemyrtlebeach.com/

The Intelligent Choice!

By Jerry Pinkas

 

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