The economic crisis has affected a lot of people the trend global financial bassist has begun years ago still, the world still has not recovered from its adverse impact. And you are also, in conditions so tight calls of as consiguir credit report and clean it. The value of real estate has gone down enormously, trading fluctuated and there is no way that you can offset its debt. The Bank is already calling your how due mortgage and required due to default in payment. You are now in the worst cases.
The foreclosure of your property is becoming imminent and your credit standing will therefore suffer a negative grade. They really distressed him due to the frequent collection letters from your Bank and real estate short sale is just the perfect solution under circumstances. But you can not make this process as effectively and as quickly as an experienced real estate agent. So, you have to find a trusted broker in! What is short sale? Selling short a residential property is a process where the debtor, the Bank or lender will allow a borrower-owner of a House to sell the property mortgaged in less than the mortgage balance. All proceeds from the sale will go to the lender and shall set the owner of home free of any financial obligation to the lender. Short sale is called because the House will be sold at less than the amount of the demand for debt from the lender.
The borrower agrees with the short sale that will relieve entirely on debt. The lender for its part will agree this process make the mortgage closing, removes an account delinquent in your loan list and incurring a lower cost instead of a foreclosure. The role of a real estate agent real estate agent will acquire the whole process until completed the sale of the House.