The price of your home will be determined by the market value and the approved price by the lender.
All buyers will determine whether or not they would like an inspection to be done.
A lawyer does not need to be present; however we do have a lawyer on staff to step in when needed with lenders.
Our success rate is about 95%, but your chances depend on your lender and situation.
Yes, the foreclosure process will still proceed but we monitor it to continue the short sale.
All paperwork you sign, you will receive a copy of it and it is all required from the lender.
Every lender is different, some are easy, some are harder, but regardless of the lender a short sale is possible and an alternative option to consider.
At closing, everything will be disclosed in the approval letter from your lender. It will state that you are being released from the debt, and your lender cannot come after you for it in the future.
The short sale process usually takes about 4 to 6 months, and your missed mortgage payments do affect your credit. You will also be required to provide monthly financials.