Hanging On Too Long When Can’t Afford Payments – Avoid Foreclosure With a Short Sale in Louisville
By David Halpern, Louisville Short Sale Expert, (502) 664-7827 or 895-3100.
When the house becomes a money pit liability, emotions must be set aside and the house must be liquidated in the least damaging way possible. Running up more debt or using medicine money and food money to make the mortgage payments just doesn’t work out in the long run.
Rather than let a foreclosure devastate you financially and emotionally, a short sale is usually the best option.
A short sale occurs when a house sells for an amount short of the full amount owed to the lender. Hence the word “short” in short sale.
What happens to the difference between what is owed and what the lender gets?
In an ideal short sale the shortage is forgiven and the borrower never has to pay it back. Yes, the lender issues a forgiveness of debt, in writing. Often the forgiven debt is tens of thousands of dollars or even hundreds of thousands of dollars.
Use the Right Realtor
My name is Dave Halpern and I specialize in procuring short sales for my clients. I am a Realtor and the Owner/Broker of Louisville Short Sale Expert Real Estate Brokerage. The foreclosing lender almost always pays the real estate commissions and all closing costs out of the proceeds of the sale, so you don’t have to.
Why Hire Dave Halpern?
- Most importantly, everyone in our organization cares about helping clients avoid foreclosure.
- Track Record! We close dozens of short sale listings each year
- Enthusiastically satisfied clients – many testimonials
- Capable
- Trained
- Experienced
- Organized
- Systemized
- Has full in house team of four that negotiates and processes short sales
- Again, most importantly, everyone in our organization cares about helping clients avoid foreclosure. Our goal is to help you get the house debt out of your life and have their lender forgive their deficiency, in writing!
- We have helped many sellers in Jefferson, Bullitt, Oldham, Shelby and Nelson Counties
- We typically get the foreclosing lenders to forgive $30,000 to $200,000+ of debt above the sales price!
Submit Your Information Now or Call Us at (502) 664-7827.
If you enjoyed this post, you may also want to read:
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- The Importance of Using a Short Sale Expert
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- I’m In Foreclosure and Need A Real Estate Agent to Sell My House In Louisville, KY
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- In Foreclosure? Look Beyond the Obvious For Real Options – The Short Sale
- In Foreclosure in Louisville? Filing Chapter 13 Bankruptcy on Your Mortgage May Actually INCREASE Your Mortgage Payment
- In Foreclosure In Louisville? 16 Questions to Ask Your Short Sale Realtor, Lawyer and CPA
- In Foreclosure In Louisville and The Bank Told Me To Do A Short Sale
- Louisville Sellers in Foreclosure Tell Lenders: If You Demand The Deficiency I’ll File Bankruptcy
- Short Sales in Louisville
- Short Sales in Louisville – Sell Your House and Lose Your Debt
- Short Sale – Can I Sell My House If It’s A Fixer Upper?
- Short Sale vs. Foreclosure. Behind on Payments in Louisville? You Have Options
- Seller says: I tried loan modification, they screwed me, they had their chance and blew it
- Profile of a Short Sale: “Everything Goes Up Except Wages”
- Pre Foreclosure Short Sales: The 2nd Mortgage Doom Loop
- Medical Bills, Foreclosure and Short Sales in Louisville
- What Should I Do? Not a Fixer Upper, Not a Gorgeous House, Sorta In-Between
- What You Need To Ask Yourself Before Considering Buying A Short Sale
- Why Are So Many Short Sale Houses Vacant?
- When The Agent for the Buyer Asks You If The House Will Pass FHA
- Who Falls Behind on Their Mortgage Payments
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