Home Sale Relief

What is a short sale and what are the advantages over a deed in lieu of foreclosure?

Well, a short sale lets you sell your house below market value. The lender gets all the money that the buyer pays. And you avoid foreclosure because that’s the end of it as far as you are concerned.

The nice thing about a short sale is that when there are “no buyers” in your neighborhood, you can still sell your house. You must expose your house to the market. There is always a market for a house. It all depends upon what buyers must pay. And when you do a short sale, you can sell at 75% - 85% of market value.

That means that even when nobody else is selling their house, you can sell yours. If you can’t sell your house at 75% or 85% of market value, you have got market value all wrong.

A deed in lieu of foreclosure is only possible if you have no junior loans. It is very time consuming to get a lender to agree. I would recommend you consider other options such as a short sale. A short sale gets the problem away from both you and the lender. Deed in lieu saddles the lender with another house and costs them tens of thousands of dollars.

You have to think like the lender these days, to determine how to go about getting out from under. That’s why a short sale is much more advantageous.

But there are secrets to doing a short sale right.

I am shortly coming out with the Mortgage Relief Formula home study course where I teach you how to do a short sale so that you raise the odds of your lender accepting. And how to negotiate so you get a favorable credit report out of it, and so that there is no income tax liability and so you can buy another house if you want to. Please visit MortgageReliefFormula.com

I run a wonderful list with information that is not on my blogs due to its sensitive nature. And you’ll get the inside track on getting in on a live teleconference and special home trial of the Mortgage Relief Formula home study course.