If you are interested in buying a short sale the best way, or stop a foreclosure by Selling with a Short Sale, please visit my website at: www.realestatesolutions2012.com We offer solutions that help the Buyer, Seller, and Real Estate Agent.

1. ==== ====
To learn how to guarantee a "Short Sale", check this out!
http://adf.ly/4bZmD
==== ====
In today's tough economic times, there are many ways to lose a home. But signing away
ownership of your home can be embarrassing and destroy your credit.
For those who can no longer pay their mortgage payments, there are alternatives to foreclosure
and bankruptcy. One of those alternatives is "short sale."
A "short sale" is a sale can happen when the outstanding loan against a property is more than the
market value of the property itself. The bank will agree to take an amount under the amount owed
for payoff. And a short sale can only take place if the buyer, seller, and bank all agree to the terms.
If you are a real estate investor looking to help a homeowner with a short sale, the best tip, I can
give you is to remember you are working with a homeowner is losing their house. Treat the person
with respect and keep your word. Work your hardest to get your homeowner the best deal
possible.
Below you will find several more short sale tips for selling and buying
1. Value of the property: Have a real estate agent perform a Comparative Market Analysis (CMA).
2.Figure out the costs associated with the property. A few to consider include calculate advertising
costs, any broker fees/commissions you may occur, closing costs, and don't forget any lawyer
fees.
3.Total Loan Value so you know how much is owed
4.Consider hiring a lawyer: Legal advice is always good. Find a Buyer
5.Involve Lenders: Let them know you are interested in doing a "short sale". Sometimes you will
need to call several lenders who will jump on this deal
Tips for Buying
The tips for buying are very similar to buying
1. You will want to contact both a Real Estate Lawyer and an Accountant for advice and tax
ramifications.
2.Contact lenders: You want to make sure you talk with the individual capable of making
decisions.
3.Submit Letter of Authorization: You will receive better cooperation if you write a letter giving
permission for the lender to talk with specific parties about your situation.
4.Preliminary Net Sheet: This sheet is an estimated closing statement that shows sales price, what
you are expected to receive and all the costs of the sale, unpaid loan balances, real estate
commissions, late fees and outstanding payments due.

2. 5.You will also want to include the following: Hardship letter, Proof of Income and Assets, and
copies of Bank statements.
These are some great short sale tips that will help make you be successful. Don't get
overwhelmed, with great advice and these tips you will be able to have a successful deal.
Please come visit me for moreGet more Short Sale Tips. Thank you, Deb McMillan, Short Sale
Queen
Article Source:
http://EzineArticles.com/?expert=Deb_McMillan
==== ====
To learn how to guarantee a "Short Sale", check this out!
http://adf.ly/4bZmD
==== ====