Short sales are making a comeback. Here’s what we can do to help.
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Today’s topic is a tough one to talk about. Short sales are making a comeback in Dallas after they were last prominent during the market crash of 2007.
A short sale happens when a homeowner owes more on a property than the property is worth. It could mean that the condition of the home is so poor that it would take more money to repair the home than it’s worth. When homeowners sell short, they are selling their home for less than the loan balance.
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Common candidates for short sales include people who bought a home at the height of the market, paid more than what the home was worth, or got a bad loan. We are still seeing some of those unfortunately.
We are short sale experts
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We have a lot of experience dealing with short sales. We partner with an excellent attorney who helps us out with these. If you or someone you know is in a situation like this, let us know and we’d be more than happy to help out. If you have any other questions, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.
