Completing Short Sales in NC are one of the most difficult transactions in all of North Carolina real estate. It is important to know that the company and NC Realtors you hire to complete this process for you have expertise in this area.
We find it beneficial to make sure our clients know what is going to happen throughout the process.
Below are the most common questions that have been asked by our clients. If you are speaking with others and they can't answer the questions below, we recommend seeking another opinion.
Short sales in North Carolina is selling a property for less than is owned on the property. For example:
Loan Amount: $250,000
Market Value of Real Estate: $200,000
In the above example, the property is upside down a minimum of $50,000. In order to get the bank to accept an offer at $200,000, a team of experts who specialize in negotiations with banks and marketing short sale properties to the real estate community are needed.
How long does it take to complete short sales in NC?
How long do I have until I have to move out?
What are the consequences of doing a short sales in NC?
What happens if it doesn't work?
What kind of information will the bank ask for?
What is a hardship letter?
What if I have declared bankruptcy?
What about bankruptcy?
What do I do with the letters I receive from the bank?
What do I do about people offering to buy my house if I just sign the deed over to them?
How do I choose someone to represent me in this transaction? Shouldn't I just call my local NC Realtors who market in the area?
Are all short sales in North Carolina the same?
Will I get a 1099 for the difference between the sale price and what I owe?
Why shouldn't I just let the home go to foreclosure?
What does it cost to have you work with us on a NC short sale?
Is it better or worse if I have two loans?
Is communication important and do I still have to keep calling the bank?
How do I know what is going on?
Why should I use You?
Can the bank come after me or do they just get my property?
We specialize in working with the bank and making sure they understand that working with us and you is in everyone's best interest. The bank can ask for more information or seek other means to get payment if you have lied on your mortgage application and may or may not do this depending on the situation. If you believe you may have lied on your mortgage application, please tell me. Our goal is to make sure the bank works with us and you to resolve this stressful situation.
Why would a bank agree to do this? Don't they just want my home, anyway?
Can't I just do all this myself?
Contact me today at 910-813-3009, or email me at email@example.com.