Ask A Short Sale Real Estate Specialist
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You have questions about short sales? We can help. |
Click on the "Our Expert's Full Answer on Video" to see and hear what we have to say to you directly.
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| 1. What can NPBN do for us? |
NPBN pride ourselves on our knowledge of the real estate market and short sale negotiating services, which have made us a leader in helping families find their best options for selling their home when hardships make it financially difficult.
We can help in almost any situation, but our real expertise is assisting families when they need to sell and owe more than the home is actually worth. Our success in this field has made us Washington and Oregon's short sale experts.
If you’re in this situation, our primary goals are to help you find the best home-selling solution for your circumstance, help save your credit from foreclosure,
and help you get back into an affordable home in the future, once your credit is rebuilt.
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| 2. We’re behind in our mortgage payments. What are our options? |
Through almost 20 years in real estate, we have identified at least 13 options available to homeowners in financial distress, only one of which is known as "short sales." (Click here to see the Options Map).
Different situations call for different solutions, and key questions need to be answered to find the option most suitable to you. But one thing is universal,
if you are late on your payments, time is critical, and you need to get into action now.
Contact us today for your free consultation with NPBN's short sale experts, before your only option is foreclosure.
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| 3. Can you help us even if we owe more than our home is worth? |
Yes, we can! This situation is actually becoming more and more common as adjustable rate mortgage payments increase, and home values do not.
We specialize in a type of home sale where we represent your situation to your mortgage lender on your behalf, and negotiate to sell your home at an amount below what you currently owe.
In the real estate world, these types of transactions are called “short sales”. Throughout Oregon and southwest Washington, NPBN's short sale negotiating services have developed a reputation for being trusted allies of homeowners in tough situations.
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| 4. What exactly is a short sale? |
This is a type of sale where the money from the sale will fall “short” of what the homeowner still owes lenders for all mortgages or equity lines of credit that have been used, after the costs of selling and closing the sale are added in.
Many lenders will agree to negotiate to accept less than what is owed in order to avoid the costs of foreclosing on their loan. The 30 to 90 day negotiation process is where NPBN’s expertise as your financial and real estate specialist really comes into play.
We can help your lenders understand your hardship through our short sale negotiating services.
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| 5. How long can I stay in my home? |
The length of time you stay in your home is, to some degree, dependent on your family situation.
If you have equity in your home and need a quick sale to “cash out”, we can accommodate you with a cash purchase that can take less than a week.
If you have no equity and need to sell, NPBN's short sale experts can negotiate a short sale with your lender that may take up to 90 days.
While there are no guarantees, there is some flexibility to maximize or minimize the timing of your closing date.
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| 6. How do short sales affect my credit? |
If you have missed mortgage payments, you already have experienced a negative effect on your credit.
A completed short sale will stop foreclosure.
It will preserve your credit from becoming further damaged by foreclosure.
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| 7. After going through a short sale negotiating or foreclosure, can we ever buy a house again? |
The good news is yes, you can. However, you will need to be dedicated to rebuilding your credit over a period of time.
Once your credit is re-established, we can help you buy your next home.
Please come back to NPBN and we will work to find the home that fits your needs.
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