Do Not confuse "Short Sales" with "Foreclosures". 

Short Sales and Foreclosures are not the same and do not have the same selling or buying issues.

Simply put "Short Sales" are people that can no long afford their homes for one reason or another, could be they lost their job, could be illness or it could be the mortgage was an ARM (adjustable rate mortgage) and the payment jumped beyond what they can pay.

Foreclosures on the other hand are homes the lender has taken back from the borrower for non-payment of the mortgage. 

Short Sales can happen in any neighborhood to anyone.  When something happens to peoples  financial ability to pay their mortgage to the lender the selling process can become a Short Sale or eventually a Foreclosure.   The listed price on the home and the amount the lender is willing to take for the home may not be what you offer.  Call one of our "Flexperts" for a confidential consultation on how to sell your home using the Short Sale method.  We take you step by step through the process.   

Quick rules of a Short Sale.

1.  The sellers sets the asking price. 
2.  You make an offer that has to be accepted by the
     Seller First!
3.  The lender must approve the sell price with 
     consideration given for the difference of 
     what the seller owes and what you have offered.
4.  The lender does not have to accept your offer!
     Just because you made an offer does not mean   
     the home is "SOLD" or "YOURS"!
5.  Lenders require "hardship" letters from the seller 
     to help you buy or the lender simply goes through the
     foreclosure process when the seller misses payments
     and you and the seller both lose.

If you need to sell, call and talk to one of our "Flexperts" to help you understand your options.  We can help, we can in most cases save your credit and you can buy a home again in a few years.  If you go through foreclosure it is most likely you will NOT be able to buy a home for 7 - 10 years!  We can help you, we contact your lender on your behalf, we handle the paperwork,  we understand the process, we can help you sell your home!  "FlexIt Realty" means "Flexible" we have programs, processes and methods to help, you have options, you have choices!

If you are interested in Buying A Short Sale Property Below the Market Value we have a Free list of "Short Sale" homes in the Grand Rapids & West Michigan Area.

Call one of our agents or our Broker Gary White Local 616-784-2360 or Toll Free 877-667-4699.  Email: FlexItRealty@comcast.net We can help you with the process...working with Sellers and Buyers is all we do!

Help is only a call or click away!© 2006