Durham NC Short Sale Realtor - FREE Stop Foreclosure Help

Durham NC Short Sale Realtors

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When it comes to avoiding foreclosure, a short sale is the way to go. Other alternatives often end up as short term solutions to a long term problem. A North Carolina short sale takes place when a lender allows a borrower to sell their property at a discounted price, an amount that will not fully satisfy the loan. Borrowers must first prove to their lender that they are experiencing a financial hardship that hinders their ability to afford the home any longer. Hardships include decreased income, relocation, divorce, medical bills, etc.

How long does a short sale take to close?

On average, a short sale takes six months to close. This depends on many different factors within the transaction such as your short sale specialist's experience, the loan amount, and your lender's short sale practices. Some short sales have closed in as little as two months while others have dragged on for over a year.

Do I need a Realtor to short sale my home?

Yes! In order for your bank to seriously consider a short sale on your home you will need a Durham short sale Realtor. Make sure that your Realtor has closed plenty of short sales in the past and has experience in working with your particular lender. Don't hesitate to hire the best; your lender will pay your Realtor's commission.

How much will a short sale cost me?

A short sale will cost you nothing! All of your closing costs will be charged to your lender. In fact, since North Carolina is a nonrecourse state, your lender is not allowed to pursue judgment on the remaining amount owed on the loan. 

To learn more about the short sale process, visit our website.

www.DurhamShortSale.com

877-737-4903

Short sale your Durham NC real estate with expert Realtor help to stop foreclosure on your home. FREE short sale help to Durham homeowners in financial hardship. Our short sale specialist Realtors work areas such as Raleigh NC short sales as well as the rest of North Carolina.