Chesapeake Short Sales
A short sale is when a homeowner owes more on their home than what he/she can sell it for. They try to get the bank to "shorten" their loan, so they can sell it without going into foreclosure. The seller has to demonstrate to their lender a need to sell and no other alternative but a short sale. Buyers need to be aware that purchasing a short sale can be a lengthy process. Often times lenders will not start the short sale process until an offer is submitted to the seller. This can result in the buyer waiting more than a month on an answer on whether the lender will grant a short sale. No two short sales are the same and are very unpredictable. As a buyer you may be able to purchase a home at a discounted price but prepared to wait.
Don't hesitate to text, call or email me with any question on the below homes for sale or to schedule a showing. If you are thinking of selling I would be happy to provide you with a free no obligation market analysis.
Robin Gauthier, (757) 739-7754, RobinSoldMyHome@gmail.com
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