Short Sale Q & A
What is a short sale?
A short sale is a real estate transaction that takes place when a lender allows a borrower to sell their home for an amount that will not fully satisfy the loan. This is subject to the lender’s approval of the selling price.
Who qualifies for a short sale?
Homeowners who are facing a financial hardship such as job loss, relocation, job transfer, decreased income, medical expenses, vacant rental property, and other similar situations can qualify for a short sale.
Can I short sale if I can’t afford closing costs?
Yes! Your lender will pay all traditional sellers’ closing costs including your Realtor’s commission.
Who will pay my Realtor’s commission?
As mentioned above, your lender will pay your short sale Realtor’s commission.
Can my lender come after me later for a deficiency judgment if I short sale?
In most cases, lenders forgive borrowers of the deficiency at the short sale’s closing. In some rare cases borrowers are required to pay back a portion or the entire deficiency amount; this is happening less and less.
If I am short selling a rental property, can my renters stay in the home?
Yes. They will need to be cooperative when it comes to getting the home ready for showings to ensure you will attract a buyer soon. Uncooperative renters can make it difficult to sell a property.
What can you do for me?
Our Baltimore short sale Realtor will walk you through the entire short sale process. They will list and market your property competitively to attract a quick buyer.
How much will a short sale cost me?
The entire short sale process is completely FREE to you! We do not allow our Realtors to charge borrowers fees of any kind.
Can I stay in my home throughout the short sale process?
Yes! You are entitled to occupy your property until the short sale’s closing.
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877-737-4903
Contact a local short sale expert.
Are you looking for a Baltimore MD short sale Realtor? Look no further! Our stop Maryland foreclosure specialists provide FREE short sale expert services to Baltimore MD homeowners in hardship. Call today to see if you qualify for a short sale! Need a Baltimore, Maryland Certified Distressed Property Expert in short sales to offer free Chase short sale services? Our Baltimore area Certified Distressed Property Expert real estate agents are here to help, and are Certified or training in the Maryland Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.
Our organization does NOT directly offer short sale or foreclosure rescue services in the state of Maryland. CLICK HERE for more information on our
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