Ok so let’s picture this situation. You live in a beautiful home with your family which you currently have a mortgage for. But during the real estate boom, you decided to buy another home at relatively outrageous price. As we all know now, that home’s price is anything but outrageously low, but you still owe quite a bit on it.
Now you are paying mortgages on your current home, AND another property that’s worth almost 50% of what it was worth. Not to mention the economic times are getting tough and prices of about everything are going up except our properties.
Does it make any sense to shell out an additional one thousand? Two thousand? Maybe even three thousand dollars a month on a home worth a lot less than what you bought it for? No, not really at all.
But there’s a solution! It’s called a short sale. Yes I know this word pops up like a hundred times throughout the day and it may even have a bad connotation to it, but let me explain what it is exactly. A short sale is simply a deal done with the bank to sell the property for less than what’s owed. Often times, the original debt is than wiped out and the homeowner walks away owing no more money, and the bank recovers some of their losses.
Now I said “Often Times” because you need to work with a broker that knows what they are doing. Some real estate agencies will short sale your home, and than the bank still holds you liable for the remainder debt! So now you are out a property and you STILL owe money.
But we don’t do that at G-SIG. Hey, if you want to short sale your home, give us a buzz. You can stop the bleeding and stop forking over monthly mortgage payments for a property that really isn’t worth it anymore. And let me give you a broker’s insider’s tip. The market really isn’t going to pick up until another 3 years at least. Do your math. $1,000 mortgage payment x 36 Months = $36,000 minimum. That’s a lot of money that can be used for many other things.
Visit our site at http://www.G-SIG.com or find us on a variety of social networking sites and connect with us.
Or just pick up the phone and get in contact with us immediately. 561.245.8843 x 205.
Now you are paying mortgages on your current home, AND another property that’s worth almost 50% of what it was worth. Not to mention the economic times are getting tough and prices of about everything are going up except our properties.
Does it make any sense to shell out an additional one thousand? Two thousand? Maybe even three thousand dollars a month on a home worth a lot less than what you bought it for? No, not really at all.
But there’s a solution! It’s called a short sale. Yes I know this word pops up like a hundred times throughout the day and it may even have a bad connotation to it, but let me explain what it is exactly. A short sale is simply a deal done with the bank to sell the property for less than what’s owed. Often times, the original debt is than wiped out and the homeowner walks away owing no more money, and the bank recovers some of their losses.
Now I said “Often Times” because you need to work with a broker that knows what they are doing. Some real estate agencies will short sale your home, and than the bank still holds you liable for the remainder debt! So now you are out a property and you STILL owe money.
But we don’t do that at G-SIG. Hey, if you want to short sale your home, give us a buzz. You can stop the bleeding and stop forking over monthly mortgage payments for a property that really isn’t worth it anymore. And let me give you a broker’s insider’s tip. The market really isn’t going to pick up until another 3 years at least. Do your math. $1,000 mortgage payment x 36 Months = $36,000 minimum. That’s a lot of money that can be used for many other things.
Visit our site at http://www.G-SIG.com or find us on a variety of social networking sites and connect with us.
Or just pick up the phone and get in contact with us immediately. 561.245.8843 x 205.
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