Vanessa Barnes

Short Sales

Losing your home can be emotional and stressful. When I sit down with homeowners in distress I always recommend to immediately contact their lender, which I know can be difficult. Communication is key. Discuss with your lender programs that may be available to help such as HOPE NOW, or the MAKING HOME AFFORDABLE PROGRAM. These programs may assist you whether you are: Current on your mortgage but feel you will have trouble making payments (now or in the future) and/or currently behind on your mortgage. If you do not meet the requirements for these programs, or the payments do not work within your budget, a short sale may be an option. While you are on the phone with them, ask them for their short sale workout package so you can begin gathering the necessary documents.

Once you discuss with your lender the short sale that is where I come in. As a Certified Short Sale Professional (CSP), we will then work together and get the property listed at market value. Once an offer is received we can submit that along with all the supporting documentation to your lender so we can start the short sale process. Please keep in mind this is a very brief overview and there are other important items to consider when doing a short sale. We will discuss those at our consultation. It is also important to remember as your REALTOR® this is handled like any normal real estate transaction. NO FEES up front. I do not get paid until it closes!