A short sale or pre-foreclosure sale occurs when the lender agrees to accept repayment of less than the existing loan amount when the home is sold.  Therefore the payoff falls short of the total amount loaned.  If the seller were to sell the home in a regular transaction they would need to bring money to the table to complete the sale.  In a short sale the lender agrees to accept less than the amount owed.  A short-sale can be a win-win scenario for both the buyer and the lender.  It can be a good alternative to foreclosure. 

 The Melia Team can assist sellers and buyers in a short sale transaction. 

• Do You owe more on your property than its current fair market value?
• Is the equity in your home not enough to cover the agent commission costs and closing costs?
• Do you have a financial hardship keeping your from meeting your monthly obligations?
• Are you late on your mortgage payments?
• Is your interest rate adjusting and you won't be able to make the higher payments?
• Are the banks calling you several times a day to collect on their loans?
• Do you want to avoid foreclosure?
• Do you want to resolve your current financial situation with the least impact on your credit possible

 The earlier your contact us the more likely we are able to help you.  A short sale may be the best solution to avoid foreclosure.  We offer a free consultation and determine if your situation is a candidate for a short sale.  We will explain the whole process and answer your questions. 

 Send an email or give us a call today at 703-547-1444.