Bowie MD Short Sale Agents
By Steve Queen, Chosen Realtor for Bowie And Laurel
(Bennett Realty Solutions)
Bowie MD Short Sale Agents Author: Steve Queen A short sale occurs when a homeowner with a hardship sells a home for less than the amount due on the mortgage, with all the proceeds going to the lender. They offer an appealing alternative to foreclosures, but that doesn't mean that it's an easier process to endure. Here's an overview of what a homeowner should do when considering selling in a short sale. 1. Talk to people After enduring a financial hardship and finding out that your home is underwater, your first steps should be to talk to one or more of three key parties: a CPA, a real estate attorney and or most importantly a qualified real estate agent. "Each state has its own laws regarding the lender's ability to come after the borrower for a deficiency after the sale or foreclosure...
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