What is a short-sale?

A short sale is where we negotiate with the homeowners bank to get a lower sale price than what the homeowner owes on the property.  Sometimes this gets time consuming especially if they have a 2^nd and/or 3^rd mortgage.  One in 444 home loans went into default in the State of Ohio last month (refer to columbus dispatch article on 9/12).  The banks are overwhelmed with paperwork and sometimes it takes 60 to 90 days to even get a response.  The quicker we can start the process, the better chance we have to create a win-win situation for the bank, buyer, and seller.  You DO have to understand that the longer it takes, the bank will incur more fees and larger losses.  Call Lara’s Team for your free confidential consultation!!

Beware of the Scams!!

If you get tons of calls from “interested” investors/buyers, that want to purchase your home or “help you out”, DON’T SIGN ANY PAPERS without first letting our team of professionals provide you with a free confidential consultation.  Here’s an example of what happened to Betty.

 

She was approached by and “interested” party that wanted to help her stay in her home.  He said he was going to purchase it from her and then she could pay rent directly to him.  After many months of paying rent, she received a knock on her door telling her her home had gone into foreclosure.  This person she trusted never made a mortgage payment or paid off her home like he said he would and basically pocketed all her hard earned money as well as took out a second mortgage on her home.  Now, there’s a lien for double what she originally owed.

 

Lara’s Team only uses TRUSTED investors!!!