Short Sale Information in Reno

Short sales in Reno are a popular option for those who have underwater mortgages. In Reno, the real estate market has seen a dip in value over the last 7-8 years creating opportunities for short sales in Reno. When you are ready to short sale your house, either in Reno or Sparks, make sure you contact Help With Houses to get all of the short sale information you need. We are short sale experts in the Reno community and know each step you need to take. We have done many short sales in Reno and have the experience and knowledge to help you get out from under your house.

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What is a Short Sale? A Short Sale is a Real Estate Sale where the homeowner owes the lender more than what the property is worth. In a short sale the Bank must approve and accept less than the owed amount as Full and Final Pay-Off.
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How does the Short Sale Process work? The short sale process is a fairly simple process, but is very detail specific. The first step in the process is to find an Investor to purchase your home or a Realtor to put your home for sale. Please keep in mind that your home is worth less than what you owe, so the price is not a major factor as in a traditional sale. Whoever purchases your house will be negotiating with the bank to clear up any liens on the title. The Investor/Realtor will have you fill out some paperwork and ask you to provide the documents below.
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What you should expect? When listing your home for short sale, there are a two ways to start. List with a Realtor or Sell to an Investor. Depending on which option you choose will make this an easy process or a hard one.
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Why Short Sale is the #1 Option for most Sellers? There is no easy or painless way to handle a mortgage that has gone into default. Most people who are going through this feel alone and confused. "How could this have happened to me?" But the truth is that it's happening to more than one third of the homeowners in the U.S.
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