Rhode Island Real Estate Tradition ~ Innovation ~ Results

  

Corporate Headquarters
680 Douglas Avenue, Providence, RI 02908 
     (800) 801-2052 - Toll Free - (401) 437-8988 - Office - (401) 437-8989 -Fax 
  
Info@1stNationalRealty.us 
Est. 2005

 

 

 

 

 

WHAT IS A SHORT SALE??

A short sale has nothing to do with the speed of a sale.  Short sale simply means discount.  A short sale means when a homeowner sells their home for a lower amount than what they owe on their mortgage. 

Most of the time a homeowner is about to fall behind on their payments.  They can no longer afford the mortgage payments for whatever reason.  If they stop paying the mortgage, the bank will ultimately foreclose on the home.  

Unfortunately, most people don't know they can still sell and escape a foreclosure.  A foreclosure will stay on your credit for up to 7 years, and your credit score can go down as much as 200 points!

But if they sell it as a short sale, they avoid a foreclosure and salvage their credit that much more for the future.  Most of the time the bank will also pay all closing costs including commissions, property taxes, and legal fees on the seller's behalf. 

If you are falling behind on your payments, and your house is worth less than what you owe, then  give us a call to see if you can qualify for a SHORT SALE...

We will do all we can to help you...

CALL (800) 801-2052

We are able to assist any homeowner facing foreclosure
throughout the United States...

 

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