| "Sell my house quick" is the mantra of many | | | | without owing additional funds. Some lenders |
| desperate homeowners needing to be released | | | | persue borrowers for the deficiency between the |
| from financial burdens. Numerous reasons exist | | | | short sale price and loan balance. Others accept |
| for people needing to sell their house fast. The | | | | the sale price as payment in full toward the note. |
| most common include: foreclosure, bankruptcy, | | | | It is important to know which type of short sale |
| satisfying a short sale agreement, divorce and | | | | is offered by your lender. |
| liquidating real estate held in probate. | | | | Real estate investors that specialize in short sales |
| If you are chanting, "sell my house quick" consider | | | | can walk you through the process and help |
| seeking out private real estate investors. While | | | | present offers to the lender. Oftentimes, |
| the list of qualified buyers has become shorter | | | | investors buy homes with cash to obtain the best |
| due to lending restrictions, investors are buying | | | | deal. Mortgage lenders are generally more |
| real estate across the nation at record pace. In | | | | receptive to cash sales than offers requiring |
| some cities, property values have declined | | | | financing approval. |
| upwards of 40-percent. For real estate investors, | | | | Individuals who need to sell real estate due to |
| there has never been a better time to buy. | | | | divorce can also benefit from working with a |
| Selling your house to an investor creates a | | | | private investor. Benefits include selling the house |
| win-win situation for everyone involved. Investors | | | | quickly, which allows sellers to put cash in their |
| obtain investment properties at discounted rates | | | | pocket and move forward with their new lives. |
| and sellers are given the opportunity to alleviate | | | | Probate real estate refers to property |
| financial burdens. | | | | bequeathed to heirs through a decedent's Last Will |
| Individuals facing foreclosure or engaged in a short | | | | and Testament. Unless a person has established a |
| sale should seek out investors experienced in | | | | trust, all assets must be transferred to probate |
| these fields. These types of transactions can be | | | | when the property owner dies. Probate is used to |
| difficult to negotiate without assistance from a | | | | validate the Will, pay outstanding debts, and |
| real estate professional. | | | | oversee proper distribution of assets to heirs. |
| Borrowers facing foreclosure have a better | | | | On average, probate takes six to nine months to |
| chance of obtaining short sale approval by having | | | | settle. During this time, the decedent's estate is |
| a buyer in place. Some lenders make this a | | | | responsible for expenses related to the house. If |
| requirement while others allow time to locate a | | | | the estate does not have adequate funds, a |
| buyer. Working with an investor who specializes in | | | | probate judge can order the property sold. If |
| short sales can shorten the duration of the | | | | probate real estate is owned outright, estate |
| transaction and provide a much smoother ride. | | | | executors can elect to sell the house to eliminate |
| It is important to note, short sales must be | | | | maintenance, insurance and taxes. |
| authorized by the mortgage lender's loss | | | | Regardless of the reason for needing to sell your |
| mitigation department. Additionally, properties | | | | house quick, consider working with a seasoned |
| which are already in the midst of foreclosure do | | | | real estate investor. Doing so can save you time |
| not qualify for short sale offers. If you are | | | | and money, eliminate the need for a real estate |
| delinquent on your home loan, but not yet in | | | | agent, and expedite the process. Instead of |
| foreclosure, now is the time to contact your | | | | saying, "I need to sell my house quick" you can |
| lender regarding short sale approval. | | | | sing, "I SOLD my house! |
| The best case scenario allows borrowers to walk | | | | |