Craig & Scarlett Cope of Illustrated Properties

*Short Sale Info*
What is a short sale? A short sale is a workout program that allows a borrower to sell the property, even if the proceeds are less than the loan payoff, due to low property value. Upon final approval, a short sale can help homeowners avoid further collection activity or foreclosure action, which can result in adverse credit reporting. Why use a Realtor for the short sale process? Seller: To most people who are going through a short sale I would say why not? Basically what a seller does is provide the listing agent with the paperwork in regards to their financial situation and sign a letter allowing the agent to speak with the bank. Otherwise the seller does not cover the real-estate fee, worry about showing the property, and is helped out of a possible foreclosure situation. Buyer: As a buyer the most important reason to use an experienced short sale Realtor is they can qualify the short sale. Having a real estate agent is no cost to the buyer. The Cope Team has developed a system of working with banks and getting you out of financial trouble! We will qualify your listing and price it properly to get it Sold ASAP! Call us today! Craig Cope 561-758-3374 or Scarlett Cope 561-339-2832 Click here to e-mail us questions about buying or selling a short sale