How to short sale in ball ground

Duffy Realty of AtlantaDuffy Realty of AtlantaPresents

Short Selling Your Home –Everything You Need to Know

Duffy Realty – Your Competitive EdgeCopyright 2011

What We Will Cover TodayWhat We Will Cover Today1.What is a Short Sale?2.Who qualifies to short sale their property?3.What happens in a short sale?4.What will I owe my lender(s) at the end of a short sale?5.What happens to my credit after I successfully short sale my property?6.What is the one thing that I must have to short sale my property?7.How we come up with the price for your property?8.What to look for in a short sale agent?


What is a Short Sale?What is a Short Sale?● A short sale is a

transaction wherein yourlender allows you to sellyour property for lessthan you owe and theywipe away your debt.


Who Qualifies For A Short Sale?Who Qualifies For A Short Sale?Anyone who can prove a hardship qualifies for a short sale.

● Divorce● Relocation● Medical Bills● Loss of Job● Crime in the Neighborhood● Loss of Rental Income● Death in Your Immediate Family● Your adjustable rate mortgage has reset● You simply can not afford to live in the home


What Happens in A Short SaleWhat Happens in A Short Sale•You live in the property if youwant to while we market thehome for a buyer.•When we get a buyer that wewant to take to your lender, weprepare a package of yourcircumstances and send that tothe lender.•We wait on the lender's terms.•You decide if you want to close.


What Will I Owe the Lender(s)?What Will I Owe the Lender(s)?● The purpose of the short sale

is to sell the property withoutowing the final balance.

● Some lenders may ask youfor a small contribution,others will not ask you foranything.

● You won't know what youmight owe until you get theoffer from the lender(s).


What Happens to My Credit After AShort SaleWhat Happens to My Credit After AShort SaleYou will get dinged on your credit and will not be able to

purchase a home for 2 years at great credit terms.

Foreclosures ding your credit for 7 years.


What is the One Thing That I MustHave To Short Sale My Property?What is the One Thing That I MustHave To Short Sale My Property?● A Buyer that is willing to pay

what the bank wants for theproperty!

● Nothing happens without abuyer!


How Do We Come Up With the PriceFor Your Property?How Do We Come Up With the PriceFor Your Property?● Your Lender(s) have a

certain ratio that they willaccept that is based on theproperty's fair market value.

● We use this ratio and thenadd in the commissions paidto us and the buyer's agent,taxes and any liens on theproperty.


What To Look For In aShort Sale Agent?What To Look For In aShort Sale Agent?Most agents report that they close only 25% of their short sale listings.This is because they don't have the training that is essential in shortsales. Short sales take a precise and delicate system that requires careand expertise.

Look for an agent that has a short sale designation and has closed atleast 10 short sale listings in the last 12 months.


Duffy Realty's Short Sale DivisionDuffy Realty's Short Sale Division● Rhonda Duffy is the ONLY

Certified Elite CDRSspecialist for short sales inthe State of Georgia.

● She closes short sales ona regular basis andunderstands the trends oflenders


When You Need HelpWhen You Need HelpCall us as soon as you get a inkling that you need to do a

short sale. Time is precious in this transaction.

You can view more about short sales at

www.DuffyRealtyofAtlanta.com

678-366-7846

How to short sale in ball ground

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