For Buyers - About Short Sales

Nationally, an estimated 10 million + homeowners are upside down with their mortgages which means their mortgage balance is more than their home's current resale value. A Short Sale is a transaction (authorized by the mortgage company / lender of the property) in which the lender agrees to the sale of the property for less than the Seller owes on the mortgage. As a part of the Short Sale, the lender "usually" agrees to write-off / forgive the difference owed by the Seller. For Seller's a Short Sale is ALWAYS a better option than a foreclosure. For Buyer's, a Short Sale is almost always sold "as is" and it can literally take months to obtain lender approval and close on a house but the savings can be significant.

If you do find a Short Sale property you like, call the Diane Kelly Team at 678-907-9155 for one of our Buyer's Agents to assist you and show you the property to help you find your next perfect home. As a Buyer's Agent, our professional services for you "the Buyer" do not cost you a penny. Call us today at 678-907-9155 to determine if you can also take advantage of any of the applicable buyer tax credits offered by the State of Georgia and the federal government that expire November 30, 2009!