Quaboag Valley Real Estate - Short Sale Division
Welcome to our new Short Sale Division
What is a Short Sale? A Short Sale typically is executed to prevent a home foreclosure. Often a bank will allow a Short Sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, advantages include avoidance of a foreclosure on their credit history. A Short Sale is typically faster and less expensive than a foreclosure. In short, a Short Sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount.
Despite popular belief, you do not have to be behind on your mortgage to request a Short Sale. You just have to demonstrate that your house can’t be sold for what you owe. If you are having a tough time making your mortgage payments, don’t wait until it’s too late, find an alternative option instead of a foreclosure or bankruptcy.
Let’s compare a Short Sale to foreclosure: |
Negotiated settlement |
Court settlement |
Seller’s credit bruised |
Seller’s credit ruined |
Limited or no attorney fees |
Large attorney fees |
Peace of mind |
No peace of mind |
May be able to buy again in two years |
Buy again in 10 years |
Liens negotiated |
All liens exhausted |
Quaboag Valley Real Estate – Short Sale Division offers a Team of Short Sale Professionals specializing in short sales and loss mitigation. Our resources include experienced Short Sale attorneys, accountants and knowledgeable, trained real estate agents. Having an experienced team of professionals working on your side is vital when you are going through a Short Sale. Typically, there is no cost to the home owner for Realtor® and attorney fees associated with a Short Sale. This is a win – win situation.
To get in touch with our Short Sale Division, please call our confidential number
at 877-689-7841
or email us at QVREshortsales@aol.com
Meet our Team of Short Sale Professionals.
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