Short sales are a type of sale that occurs when a home is sold for less than what the homeowner owes to their mortgage lender, but the homeowner does not have the funds to write a check at the closing table to make up the difference between their mortgage balance and the sales price of their home. In other words, a short sales happen when homeowners “short” their mortgage lender in order to sell their homes. See What is a Short Sale?
- Purchase contracts between home buyers and home sellers (the borrower or mortgagor) require approval by the home seller’s mortgage lender (the mortgagee).
- Short sales can be lengthy and somewhat tricky with burdensome paperwork, requiring commitment by all parties involved.
An experienced, knowledgeable short sale agent can better facilitate a successful sale and closing through communication, guidance, and negotiation skills that go beyond those of regular real estate agents.
Here are links to blog posts written by Debbie Durkee, an experienced short sale agent serving Tulsa, OK and surrounding northeast Oklahoma communities, including, but not limited to Tulsa, Broken Arrow, Jenks, Claremore, Owasso, Inola, Verdigris, Bixby, Catoosa, Collinsville, Haskell, Sand Springs, Beggs, and Coweta.
- On the Edge of Losing Your Home to Foreclosure?
- Foreclosure is Often Avoidable
- Oklahoma is a Judicial Foreclosure State
- Foreclosures & Short Sales
- HOPE for Homeowners Counseling
- What is a Short Sale?
- Debbie Durkee is an Experienced Tulsa and Broken Arrow Short Sale Agent
Copyright © 2021 Deborah M. Durkee. ALL RIGHTS RESERVED — Short Sales