| Considering selling your Lehigh Valley Home in a Short Sale? |
Unfortunately, although not as bad as some other areas of the country, the Lehigh Valley has been hit by some home sellers that need to sell their house for less than they owe on it. A Short Sale means that the home seller is "shorting" the bank and paying off the mortgage for less than what is owed on the home.
In order for this type of "Short Sale" to succeed, the bank must approve the sale and agree to the accepted payoff of the mortgage.
A lot of Lehigh Valley Short Sales fall apart because the bank never responds to the offer on the home.
The home buyer gets impatient and finally gives up and goes after another house. The wasted time has put the Home Seller Closer to Foreclosure. There may not be enough time to find another buyer and start the process over.
Long & Foster has partnered with Platinum Group Services in order to facilitate the Short Sale Process. The Platinum Group will take over all communications with the bank and make sure all required paperwork from the seller and buyer is submitted.
Contact Me for more information.
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