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	Home  Sign Up  Log In  Featured  Search  Contact Me  CMA  Mortgage Calculator  Short Sales Michelle Rivera, REALTOR Broker Owner 9 Central St, Suite 301 Lowell, MA 01852 wwwMichelleRiveraProperties.com "Se Habla Espanol" Phone: 978-455-0035 Cell Phone: 978-551-3212 Fax: 978-677-6160 Email: michelle.rivera@exprealty.com Privacy Policy			IS A SHORT SALE YOUR BEST OPTION? Millions of Americans are turning to short sales as a solution to their mortgage problems. When conducted properly, a short sale can address immediate financial concerns and help create a path to future financial stability. Short sales are complex and must be negotiated, conducted, and documented meticulously to meet banking/lending specifications. Our specialists are standing by waiting to assist you on this difficult journey. THE TRAGEDY OF FORECLOSURE Foreclosure is the process of taking possession of a mortgaged property because of the mortgagor's failure to keep up mortgage payments. This process can be devastating financially and extremely embarrassing. Often, we wonder who are these people in foreclosure? They are your neighbors, friends and family members and need our expert assistance. Contact us now and we can provide guidance and information on the best solutions for your individual needs. TAKE ACTION, GET RESULTS We have been successfully negotiating short sales for clients and for other real estate agents. We have a proven track record. We will walk you through the process and explain your options. WHY DO A SHORT SALE? There is no reason on our green earth to walk away from a home if you can do a short sale and get a release of liability. A short sale is better for your: • Sanity • Credit Report • Future Under certain circumstances, there is no deficiency judgment and most likely no taxes due on the forgiven debt. Please check with your accountant to find out if you will owe taxes. There is no magic short sale pill that will make debt vanish unless you qualify for no deficiency or have negotiated no deficiency with your bank. The I.R.S. has some exclusions for personal residences but you need to make sure you are exempt. Some I.R.S. rules apply to both foreclosures and short sales alike. If you abandon your home, which is what walking away from your home means, you could still be liable, not only for the debt but also for any damage that happens to your home in your absence. By throwing up your hands and walking away, the following parties could be very interested in your whereabouts: • The government • The bank • Your insurance company By obtaining tax and legal advice and completing a short sale without a deficiency, you are receiving a new lease on life and a clean slate. Short Sale is no cost to you! The lender pays for your closing costs, commission, and our fee! This is a blank section of your new page. Click to edit
Michelle Rivera Properties, Inc