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Short Sales

               A short sale is when the owner of the home owes more money on their mortgage than what the house
               is currently worth. The bank agrees for the owner to sell the house “short” of what they owe on the
               home and consider the debt paid. The biggest challenges Buyers experience when purchasing a Short
               Sale are:

                   •   Length of Time – Once the owner accepts your offer it can takes months before the bank
                       accepts your offer. This is called lien holder approval. During this waiting period, there are often
                       very few updates and it is a “waiting game”.
                   •   Sold As-Is – Even though the homeowner is still involved, most short sales are treated similar to
                       that of a bank-owned home. Remember, the bank is allowing the homeowner to sell the home
                       short of what they owe on it. This means there aren’t any funds available for repairs that may be
                       needed.

                   •   Closing Costs – Getting the seller/bank to approve paying the buyers closing costs can be
                       difficult in short sales. Even if the sellers accept your offer and agrees to pay for your closing
                       costs, the bank/lien holder can deny the paying of your closing costs. In short sales, the bank has
                       the final say, the home owner has very little control over the process.



               Auctions

               In most cases, homes being sold at an auction are for cash only buyers. If occupied, auction properties
               do not allow for interior viewings prior to the auction. All auctions have different guidelines and should
               be thoroughly researched ahead of time.

               To me, providing exceptional service involves more than just finding the perfect home. It requires
               helping you take all the logical steps required in order for you to complete the process, from beginning
               to end.
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