Can't decide whether to short sell your Clayton County house now or wait and see? If you need to sell now but think that you can’t because you owe more on the property than you can get for it in today’s market, a short sale might be you BEST answer.
Still undecided? Consider this: every short sale sold is a foreclosure avoided. Also consider that time is not the friend of underwater sellers. The foreclosure process, once set in motion by the lender, can move swiftly and brutally in Georgia.
Is it worth the time and trouble to short sell in the current market? Well, our clients certainly think so. Look at this recent short sale success story:
Your local Atlanta area short sale specialists on the Best Atlanta Short Sales Team have done it again. We've closed another Wells Fargo short sale in Clayton County GA.
This clean and comfy Jonesboro, GA home sold for a fair market value that was less than the mortgage amount still owed on it, yet the sellers did not have to bring any money at all to the closing table. Their lenders approved a short sale and forgave the difference between the sale price and the outstanding mortgage still owed.
Further, the buyers were able to purchase the property for slightly less than a traditional resale in the area would cost them right now. That’s the power of a short sale. It was a win-win for all involved.
This house now has a proud new owner, and the previous sellers were able to successfully avoid Georgia foreclosure with a short sale.
Everybody wins in a short sale.
The buyers get a great, well-maintained property at a discount. The sellers get financial freedom from an unmanageable underwater mortgage.
This purchase will surely pay off as both a residence and a real estate investment, as prices continue to level out and rise again this year as predicted. But the buyers aren't the only winners. The sellers got relief from an unmanageable mortgage, with FULL SETTLEMENT OF DEBT!
Short sell now, or hold on and wait? It can be a challenging decision. But don’t let fear and stress lead to inaction. Our expert agents can help you get approved and closed, even when it's a Wells Fargo short sale.
When you can no longer afford your monthly mortgage payments on your Clayton County GA house, time is NOT on your side. If you are behind in your Georgia mortgage, foreclosure can be swift and brutal. Better to act sooner than later.
Don’t delay in making a decision and getting the help you need for a successful outcome like this one.