Can I Sell My Home as a Royal Palm Beach

Short Sale?

Nestor Gasset and Katerina GassetInternational Properties and Investments LLC

Can I sell my home as aRoyal Palm Beach short sale?

A Royal Palm Beach short sale is not in the cards for every homeowner.

You may have heard countless stories about short sales being able to save homeowners’ financial

reputations from ruin.

While such stories may be true, it cannot unfortunately apply to everyone.

There are various factors that have to be considered before you can successfully apply for a

Royal Palm Beach short sale.

Mortgage

In most cases – but not always, mind you – homeowners have an easier time getting lender’s

approval for short selling their home when they are already behind on their mortgage payments.

Being late with their payments basically underscores the fact that they are no longer able to afford

maintaining their home.

Furthermore, short selling it may save the lender more money – and time – in the long run instead of having the property subject to court proceedings for

foreclosure.

Current Market Value

The current market value of your home basically refers to the average price it would sell in today’s

market. In most cases, the present market value of your home is far below than what you have

borrowed against it.

Even if you were to sell the house successfully, the proceeds still won’t be enough to cover your debt.

With short sales, you – or better yet, your agent – need to prove that the current market value of your

home is less than what you owe.

You also need to emphasize that it’s of no fault of yours that the market value of your property is

currently what it is.

Finances

If you are not yet behind your payments, you may nevertheless be struggling very hard to keep up with

it. You can use this as another reason for applying for a short sale.

It would help if you can prove as well that your financial situation is dire and that it’s only a matter of time before you do fall behind with your payments.

What Happens When Your Application for a Royal Palm Beach

Short Sale Is Approved?

Aside from resulting with much rejoicing and champagne corks flying in the air, the following

also takes place once your lender gives the OK for short selling your home.

● Your lender and agent come to an agreement about the amount for your home’s short sale price.

● Your agent looks for a buyer.● Your agent helps you close the deal.● Proceeds go to the lender and your loan may

be listed as partially or completely paid. Either way, the word “foreclosure” won’t appear in your credit report.

Call Nestor Gasset or Katerina Gasset at 561-753-0135 today and get your

Royal Palm Beach short sale questions answered!

Nestor Gasset & Katerina GassetRealtors®, REOS, CIPS, SFR, GRI, ABR

1021 Cherry Lane,Wellington, Fl, 33414

561-753-0135brokernestorg@gmail.com

www.floridaipi.com