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Myles "Skip" Zeleny, CRS,SRES,MRP
Direct Office:
310-251-2407
skipzeleny@aol.com

DRE# 00473390
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Myles "Skip" Zeleny, CRS,SRES,MRP
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Direct Office:
310-251-2407
skipzeleny@aol.com

DRE# 00473390
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THE SHORT SALE - Avoid foreclosure by selling fast, although for less.

Obviously, you have read and heard about the free fall of prices in many areas of the country over the past two or three years.  There are now large numbers of homeowners that are finding that their home is worth less than the amount that they owe on their mortgage(s).  Some owners are in this situation because they purchased their home at the top of the market.  Maybe their loan was an interest only type or, perhaps, the loan they took out was an Option ARM and they did not have any principal reduction of the loan amount and now the home's value has dropped significantly.  Maybe, as many folks did, they drew out too much equity through the use of second loans or home equity lines of credit.

If these folks can still make their monthly payments, they have no need to worry.  But, others may find themselves unable to afford their mortgage payment(s) due to mortgage interest rate resets or, the loss of their job.

Some folks have been lucky and have been able to workout a loan modification with their lender.  But, that is a very small percentage of folks that are now in trouble.  For most folks it seems, the only choice left to them is a SHORT SALE in order to avoid foreclosure.  In case you are not aware ... the definition of a short sale is ...  a sale in which the lender agrees to accept less than is owed on the loan as fulfillment of the borrower's obligation.  If you or someone you know is in this position here are six critical factors every short-sale seller should know.

There are SIX CRITICAL SECRETS to have SHORT SALE SUCCESS in TODAY'S MARKET.

1.  Short Sale beats Foreclosure on a Credit Report

2.  Lenders often prefer Short Sale over Foreclosure

3.  Offer is needed Before Short Sale Approval from a Lender

4.  Successful Short Sale requires Aggressive Pricing & Marketing

5.  New Law Waives Income Tax on Forgiven Debt

6.  Professional help is KEY to Short Sale Success

CALL ME AT ONCE IF YOU ARE IN A POSSIBLE SHORT SALE POSITION AND YOU WANT TO SELL YOUR PROPERTY.  TIME IS TRULY OF THE ESSENCE.

AND ... when you call, REQUEST MY FREE BROCHURE with full explanations:

SHORT SALE ... How to Avoid Foreclosure by Selling Fast for Less