1. Duffy Realty of Atlanta Presents Short Selling Your Home Everything You Need to Know Presented by Rhonda Duffy Duffy Realty Your Competitive Edge Copyright 2011

2. What 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? Duffy Realty Your Competitive Edge Copyright 2011

3. What is a Short Sale? A short sale is a transaction wherein your lender allows you to sell your property for less than you owe and they wipe away your debt. Duffy Realty Your Competitive Edge Copyright 2011

4. 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 Duffy Realty Your Competitive Edge Copyright 2011

5. What Happens in A Short SaleYou 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 lenders terms.You decide if you want to close. Duffy Realty Your Competitive Edge Copyright 2011

6. What Will I Owe the Lender(s)? The purpose of the short sale is to sell the property without owing the final balance. Some lenders may ask you for a small contribution, others will not ask you for anything. You wont know what you might owe until you get the offer from the lender(s). Duffy Realty Your Competitive Edge Copyright 2011

7. What Happens to My Credit After A Short 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. Duffy Realty Your Competitive Edge Copyright 2011

8. 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 the property! Nothing happens without a buyer! Duffy Realty Your Competitive Edge Copyright 2011

9. How Do We Come Up With the Price For Your Property? Your Lender(s) have a certain ratio that they will accept that is based on the propertys fair market value. We use this ratio and then add in the commissions paid to us and the buyers agent, taxes and any liens on the property. Duffy Realty Your Competitive Edge Copyright 2011

10. What To Look For In a Short Sale Agent?Most agents report that they close only 25% of their short sale listings.This is because they dont 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 Your Competitive Edge Copyright 2011

11. Duffy Realtys Short Sale Division Rhonda Duffy is the ONLY Certified Elite CDRS specialist for short sales in the State of Georgia. She closes short sales on a regular basis and understands the trends of lenders Duffy Realty Your Competitive Edge Copyright 2011

12. When 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 Duffy Realty Your Competitive Edge Copyright 2011