Short Sales/REOs

Wake Forest Short Sales

Are you a homeowner in Wake Forest that is currently in danger of foreclosure? While you may think that there are no alternatives available to you, it is possible to avoid this event by selling your property for less than the outstanding mortgage – a method known as a short sale. I am distressed property specialist Margie Ax, and I am here to help you navigate the complex process of enacting and completing this highly specialized type of transaction.

In a short period of time, short sales have become highly popular among all types of distressed Wake Forest NC homes, as they benefit all parties involved. When successful, homeowners are able to avoid foreclosure and transfer ownership, lenders can recover a majority of the outstanding equity and buyers enjoy a heavily discounted price. While there are still financial ramifications for sellers, they are much less detrimental than a foreclosure and the chances are better to recover and rebuild one’s credit and financial status.

Short Sales in Wake Forest

Those interested in short selling their home should be aware that the majority of lenders will not even start the short sale process without the involvement of credible and experienced Wake Forest NC Realtors®. The due diligence, paperwork requirements and overall process are incredibly complex, and it is important to prove to your lender that the transaction will be managed successfully. Do not hesitate to contact a Realtor® to find out how they can help today.

If you are interested in Wake Forest short sales, connect with a Realtor® that has managed numerous successful distressed property transactions. Contact me, Margie Ax.

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