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ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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visit website |
ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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visit website |
ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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visit website |
ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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visit website |
ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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visit website |
ShannonKeatley | Silvercrest Realty Group| inquire about property | 619-885-1230 |
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What is a Short Sale?
With the recent boom in foreclosures hitting the nation, it’s almost certain that if you watch the news or read the news paper, you have probably heard the term “short sale”… But do you really understand or know what a short sale is? For many, they are still unclear.
Put simply, a short sale is when a lender or lenders, accept less that the full amount due on a loan when the property is sold. The lender will usually accept the short sale to avoid the time and expense of a foreclosure, but do require that the owner of the property show some type of a “hardship”, or reason that they can no longer afford the home and need to sell. In a short sale, the lender will pay all of the fees that are involved with the sale, including the Realtor’s commissions.
Are you in default or on your way to foreclosure and have a loan or loans with Wachovia? Are you considering a Short Sale? If so, contact us today! We have successfully negotiated multiple Short Sales with Wachovia, with the owners being released from any further deficiencies.
If you have any loans with Wachovia and are considering foreclosure or short sale, contact our team today to discuss your options and find out if a short sale may be right for you.
If anyone is working on a short sale with Aurora Loan Services or has one coming up, here’s some information that will hopefully help.
Their contact number for their home retention group (short sale department) is:
(866) 521-3828
The fax number to send your complete package to is:
(866) 517-7976 Fax
Download the Aurora Loan Servicing Financial Worksheet and Short Sale Package Information
What you will need to include in your short sale package to Aurora is:
When sending everything, make sure to send as clear of copy as possible and lable each section. I have posted another blog HERE about the importance of sending a clean package.
I hope this helps. Please feel free to contact me with any questions.
Glen