Shortsales

What exactly is a short sale? A short sale is when you owe more on your home than what the home is worth. Oftentimes a short sale can be a great solution if you find that you can no longer meet your mortgage obligations. A short sale can be a tricky process and people find themselves in the middle of the short sale process in the “bottom of a stack of files” on some bank employee’s desk. Not to worry, Saundra and her team have facilitated many short sales and because of the high success rate, she has cultivated many relationships at countless number of banks. What does that mean to you if a short sale proves to be the right solution for you and you decide to let Saundra handle everything? It means that your home will get sold and the bank will approve the sale, and you can get rid of that stress and move on with your life. Contact Saundra today at 702-379-1283 to see if short selling your home is the best solution for you.

Foreclosures

What is a foreclosure and what happens if my home goes in to foreclosure?

Foreclosure is a legal process where the bank or lien-holder takes the property back. Without getting to technical, by the time the home is taken back via foreclosure, it has a new owner (a.k.a, the lien-holder or bank). It becomes the bank’s propoerty to do whatever they choose with the property. Typically, the bank will sell the property to try to re-coup some of its value.

Should you purchase a foreclosed property? It depends. Oftentimes a foreclosed property can be a good deal, but you as a potential buyer must do your due diligence. That is why it is critical to have a realtor on your side who knows the values, locations, trends, and market. If you are considering purchasing a foreclosed property, Contact Saundra today at 702-379-1283 to see if purchasing a foreclosed property is the best solution for you.