Myrtle Beach Short Sale Service Presents: Short Sale Service

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SHORT SALE SUMMARY

For those who cannot or do not want to keep the property and want to
avoid foreclosure:

Short Sale is when lender agrees to accept less than full loan balance to sell property.
Anyone with a "qualifying hardship" can likely be helped by a short sale.
Hardship = loan adjusting up, loss of income, medical, divorce, death, or departure.
Credit Score: A Short Sale is less damaging than foreclosure to your credit score.
Allows for earlier market re-entry. 2 - 3 years vs significantly more for foreclosure.
The government likes short sales! Federal tax code and lending criteria
benefit the short sale seller.
A Short Sale is a win-win-win for all parties involved!

To Qualify:

Property Type: Residential, Investment, Multi-Family, Commercial and Land
- Property can be either a personal residence or investment property.
- Commercial Property and Multi-Family units can be "short sold" too.
- Unfinished construction, Lots and Improved / Unimproved land is eligible.

Be Very Cautious About...

Short Sale agents & companies that are not experienced in this type of transaction
and could cost you $$$ from poor negotiating of your settlement or unneccessary
delays in processing time.
Agents who do not understand lender charge off rules and how that affects negotiation.
Someone who requests that you sign your title over to them and therefore
you give up control of the property.
Agents and companies that charge up front fees for their services. NOTE: Our fee for
doing a short sale is the standard 6% realtor commission which is paid
by the seller’s lender(s).

There are no upfront fees. We do not get paid if we do not successfully execute the short sale. Myrtle Beach Short Sale Service handles short sales on every type of property; houses, condos, townhouses, multi family, and lots.

Cost:

NO COST to Homeowner
Homes are sold in "as is" condition, with no repair credits paid by seller
Lender pays for real estate commissions and certain other items
All parties sign documents acknowleding that the lender will reduce loan balances to cover costs and fees