Large Percentage of Homes currently listed for sale are mortgaged for far more than their fair market value in today’s market.
Why do "Short Sales"
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Homeowners need to get out of overwhelming debt.
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Homeowners need a way to preserve their future creditworthiness.
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Mortgage holders need to avoid foreclosures and minimize their losses.
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Qualified buyers are insisting on bargain "discounted deals".
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Knowledgeable Loan Officers are now conservative with purchase loans.
Benefits:
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Short Sales protect your credit
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Short Sales are a direct benefit to Homeowners, Loan Officers and Buyers all brought together by us as your Realtor.
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Short Sales are a Win, Win - for all parties
How Does It Work?
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Homeowner authorizes BarackRealty to negotiate with Mortgage Holders on their behalf.
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We negotiate with the mortgage holder/Bank to discount the mortgage payout and accepted the selling price as payout.
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We market and sell your home at the price accepted as "Full Payout" by the mortgage holder.
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We make sure that the bank discount mortgage write-off is not considered an income for the Homeowner by way of 1099 avoiding paying IRS income on that amount.
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