Short Sales

Are you interested in purchasing or selling using the Short Sale Process? The Sussy Deleon Team has helped numerous clients with the purchase and sale of short sale properties. They can guide you through this process.

What is a Short Sale?

A Short Sale is when a property is sold for less than what the owner owes on it. It often serves as an alternative to a foreclosure.

Buying

What is the benefit of a Short Sale purchase?

Short Sales often allow buyers to purchase homes at a significantly lower price than regular sale.

What are potential issues during the Short Sale Process?

• Second Mortgages: If the property has a second mortgage, the second lender may not agree to the terms made between the seller and primary lender.
• Mortgage Insurance: If the seller has mortgage insurance on the loan, the mortgage company will have to approve the short sale.
• Liens: All liens on the property will have to be addressed before the property can be purchased.
• Government-Backed Loans: If the seller had a government-backed loan, the government will need to approve the sale.
• HOAs: If the lender does not pay the fees associated with the HOA transfer, these fees may be paid by the buyer.

The Sussy Deleon Team is skilled in handling all of these problems. They can help you every step of the way, ensuring you a timely closing.

Selling

What are the benefits of the Short Sale Process?

• Short Sales offer significantly less damage to a seller's credit history than a foreclosure.
• Sellers can live in their homes until the final sale takes place.
• Banks will sometimes offer cash incentives to help with sales and moving expenses.

How can the Sussy Deleon Team help with the Short Sale Process?

The short sale process can be complicated without the help of an experienced agent. The Sussy Deleon Team is knowledgeable about loss mitigation and the Short Sale Process. The Sussy Deleon Team will make this otherwise complicated process seem simple and effortless.

For more information, go to www.SussyDeleon.com.
To contact Sussy Deleon, email sussydeleon@yahoo.com or call (401) 331-8855.