Avoid Foreclosure!! Short sales allow the borrower to escape a 7 to 10 year mark on your credit by allowing an investor to purchase your home for less or "short" of what is due to your lender.
Lenders want to do this because it is less costly than foreclosure. Your neighbors will appreciate the short sale because values are impacted within a one mile radius for every foreclosure. The buyer is happy because they get a better deal.
Short sales do take time and the debt forgiven must be addressed on your tax return. The Debt Relief Act gives everyone the incentive to use the short sale because you will not be taxed on the "phantom income" of the forgiveness.
Liberty Real Estate Company offers licensed loan originator services to negotiate the tricky short sale waters. We work with existing listing agents with different brokerage firms for a negotiation fee paid by the lender at the time of closing.
We have stopped foreclosures the day before the sale. We cannot guarantee that level of service each time. The primary goal is to help your credit and get you back on your feet as soon as possible.
For more information on Short Sales check out http://www.bluebuyshouses.com .
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