Certified Short Sale Specialist - Lisa Skumpija
Just because someone has their real estate license doesn’t make them the best option if you’re trying to complete a short sale on your home in Wake or Chatham County!
In fact, navigating the short sale market is a completely different animal than the traditional housing market.
That’s why you need an expert like me, Lisa Skumpija, to help you! With my years of experience helping home owners just like you complete the long and – at times, arduous – process of a short sale, I am confident I can help you get a desirable outcome as well!
So What Is a Short Sale and Why Do I Need to Work With a Specialist?
Glad you asked! A short sale is when you sell your property for less than what is owed on it. This sale is usually completed when a home owner is behind on payments and is facing foreclosures.
And because of the Great Recession of the last few years, more home owners than before are facing short sales.
To complete a short sale, residents must get the lender to agree to a sale of the home for less than what is owed, meaning that the banks will lose some of the money owed in the process.
Although they can seem like daunting real estate transactions, short sales are infinitely better than foreclosures because they don’t affect your credit as much. Plus, if you do end up foreclosing on your home, you may be barred from buying another home for up to 7 years!
Thus, if you’re behind on payments, it behooves you to pursue a short sale option before letting your house foreclose.
But where to begin?
As I said before, short sales are a different animal than traditional transactions and thus, require different channels of communication.
In fact, many people do not realize this but there are several documents you must collect in order to complete a short sale, including:
- Authorization to release information form
- Hardship letter
- Copies of tax returns
- Copies of pay stubs
- Listing agreement
- Financial worksheet
- HUD 1
- Signed purchase agreement
- And more
To ensure that you get the most favorable outcome on your Wake County or Chatham County short sale, you’ll want to work with an experienced REALTOR® who’s used to talking with mortgage companies about pre-foreclosure solutions and negotiating with banks.
Work With a Certified Short Sale Specialist in Wake and Chatham County Now!
When it comes to short sales – timing is critical. If your home's short sale isn’t handled as efficiently and expertly as possible, you may run out of time and you may end up facing foreclosure. Thus, it’s paramount to work with an expert right from the beginning!