Government Housing Bailout Pays Home Owners to Short Sale Their Home. HAFA Program Specialist.

Government Housing Bailout Pays Home Owners to Short Sale Their Home. HAFA Program Specialist.

Get Your Home SOLD!

Pay NOTHING out of pocket!

Are You One of 9,000 Home Owners a Day Facing Foreclosure of Your Primary Home or Investment Property?

Do not worry! We will negotiate a short sale of your home at no cost to you. (if you and your home qualify) We are Certified Short Sale Specialist.

Do you meet ANY of the qualifications:

Can't afford to keep your home?
Are you facing foreclosure or default?
Can't sell because your home's value is less than your mortgage amount?
Are you behind on your mortgage?
Are you in a financial hardship of ANY kind?
Has your mortgage payment eating away your savings (if you have one)?

What are Short sales? A short sale in real estate occurs when the outstanding loans against a property are greater than the proceeds from the sale of a home.

How can you help me? We are a team of experienced and very reputable Real Estate Agents who specialize in King County Short Sales and in helping home owners in all of Western Washington by working with your lender to negotiate a lower payoff amount in order to price your home below competition and get it sold FAST. Me and my team will also aggressively market your home to attract buyers and oversee the entire sales process of your home.

What if my home is worth more than my loans, but I could not pay the closing costs? That can still be a short sale. Many homeowners in Western Washington have avoided adjusting the price of their home to current market value in a desperate attempt to receive enough money back to pay off their loan balances. If this is you, you are just delaying the inevitable, as home values continue to fall in our state.

If I sell my home short, will my mortgage company come back after me for the money? NO. We will work to secure a full release for you at closing. We get our home owners released from the debt free and clear the vast majority of the time.

Who will pay your commission and the other closing costs? The bank will. You will pay us $0. Nothing up front, nothing at closing, period. In a short sale, your lender pays all traditional seller closing costs.

How much work will this take? Not much for you. We will ask you to gather certain financial information and forms for us to present to your lender. We will handle the negotiations and details with your bank as well as the process involved in selling your house.

If I am going through foreclosure, can I do a short sale? YES. In fact, the bank will be more than happy to work with you on a short sale. It is to the banks and your advantage to work out a short sale. The foreclosure process is usually much more costly for both parties than a short sale.

Why is it to my advantage to do a short sale? A foreclosure will damage your credit far far more. In fact, many banks DO NOT report a short sale. In addition, in the event of a foreclosure, the lender can also come after you for a judgement in the amount you owe. We will work to get a full release from the lender for you.

Can I stay in my house until the short sale is completed? YES. You will not have to more out until the closing. In fact, if you are facing foreclosure and we are actively working with you bank, we can get them to delay the foreclosure proceedings and make it possible for you to stay in the home for some time.

Are there tax consequeces for a short sale? Your lender will likely write off any forgiven debt, and you may be sent a 1099 any deficiency forgiven by your lenders. HOWEVER, due to the mortgage debt relief act of 2007, you are NOT liable to pay any taxes on this amount if the property closes prior to 2012 and is your primary residence. Please consult an accountant regarding any tax ramifications of a short sale.

Can my current realtor work the short sale? In the majority of cases, the answer is NO. Unfortunately many Real Estate Agents in Western Washington do not have the knowledge, experience, or skill to complete a short sale on a house. It is NOT part of the Realtor basic training! The majority of other agents don't want to! The results of inexperience can be disastrous! We make the deals happen, when other agents make the Foreclosures happen.

The Complete Guide To Short Sales

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Breaking Short Sale News
Home Owners Paid to Walk Away!

Bellevue, Washington
58° Overcast

We Service all of King, Snohomish and Pierce Counties.

We Work With Every Bank And Mortgage Company

We Never Use Outside 3rd Party Negotiators at Nelson's Town & Country Real Estate

At Nelson's Town & Country our goal is to exceed your highest expectations with unparalleled service and ongoing communication. While many other brokers use a third party negotiator, we do all negotiations In House to insure the highest level of communication of all aspects of the short sale process. By doing the job ourselves instead outsourcing it to a 3rd party, our average bank approval timeframe is 30-60 days instead of the 4-8 month a 3rd party will take.

Why hire an agent who only does 1/2 of the job and then hopes that the company he hired on your behalf will work for you the way we will.

With over 30 years of real estate experience including 12 years of short sale experience, hire an expert team who will be there from start to finish and be available for all of your questions at one company.

Call us anytime,

206-261-SELL(7355)

206-235-0900

Office Information

Christine Nelson, Owner
206-235-0900 Email

Paul Nelson, Negotiation Specialist
Email

Ken Lorentzen, Residential/Investment Special
253-255-5811

Mr. Aman Rishi, sales associate
Email

Timothy Wells, Whatcom County Specialist
360-220-6302 Email

Town and Country Real Estate

614 171st PL NE
Bellevue, WA 98008
Phone: 206-261-SELL(7355)
Fax: 425-679-6332
View Map, Email Office

Lose the House, but not Your Credit

According to sources in the mortgage industry, people who agree to a short sale with the lender do far less damage to their credit rating than those who go through foreclosure.

While in both cases, short sale and foreclosure, the delinquent mortgage will negatively affect their credit rating, at least short sellers avoid having a "debt discharged due to foreclosure" on their credit reports. Mortgage and credit experts say that, after bankruptcy, having a foreclosure on your credit report is the worst result and will reduce your credit score by over 250 points. You could also have to wait up to three years to qualify for a mortgage at a reasonable rate.

Short sales show up on a credit report as a "pre-foreclosure in redemption" status and can result in a credit score reduction of 100 points or less. After the sale, the mortgage may show up as "discharged." People who successfully complete a short sale may also qualify for a mortgage at a reasonable interest rate in as little as 18 months. So, if buying a home is a future goal, then a short sale is the better option for many.

Be Prepared to Provide the Following Documents to Ensure a Successful Short Sale:

Letter of Authorization

Hardship Letter Explaining Your Circumstances

2 years of Full Tax Returns

Your Last 2 Months of Bank Statements

Your Last 2 Most Recent Pay Stubs

Financial Worksheet We Will Provide

Please provide these item to us so we can start negotiating the short sale sale of your home.

We look forward to hearing from you,

Paul and Christine Nelson

206-261-SELL(7355)

Town and Country RE

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