For sellers involved in a short sale, there are no fees at all. The bank pays all of the fees that come to the real estate agent and any other applicable fees. Also, because we don't use third party negotiators there is no money up front. If you would like more information about doing a short sale fill out the request form and we will contact you soon. Remember, nothing is worse than doing nothing.
Banks choose a short sale because of the financial benefits. They can save 20-40% by executing a short sale rather than allowing the property to foreclose. With all of the fees and the lower sale price of a home in foreclosure, a short sale allows the bank to recoup more money. Also, remember that the banks are not in the business of owning property. They are in the business of lending money. Therefore, it is in best interest of the bank to do a short sale.
Kerri and Monica talk about their background and why they feel short sales can be your angel!