Finding a Buyer for Your Short Sale

May 18, 2011 - PRLog -- We Buy Houses Cash - Burleson TX: You’ve been informed that your house is months behind on your payments. Well, you knew that but there isn’t much you can do at this point. You’ve lost your job, perhaps, or your mortgage reset and your monthly payments were increased to an unmanageable amount. A short sale might be the best idea here, but where do you find a buyer for such a sale?

Real estate investors buy houses on short sale status on a regular basis. They are generally informed about the ins and outs of short sale details and requirements and can help you to sort out what you will need to do. They talk to mortgage lenders regularly so they know the lingo and how to approach them with an offer.Your house will be looked at by an investor and a possible offer will be formulated. The buyer will be offering you an amount to settle the mortgage balance that you owe, although it may be short of what you actually owe. That’s why it’s known as a short sale.

Banks are sometimes willing to take the lower amount offered by the investor. It frees them from having to go through a foreclosure procedure on you. It’s better for everyone involved. Foreclosure is not easy to handle and it’s usually better to sell and move than to try to hang on and be evicted in the end.You will not be able to walk away from your house with any cash in this case. Since you are settling with the bank for less than you owe them, there will be no equity left for you. You will, however, save much money and time by going through an investor. The sale can happen rather quickly.

When you call an investor in your area, ask if they are familiar with short sales. You can tell them your situation and what you wish to get out of the deal. Tell them how much time you have and they will most likely be able to help. Investors charge no fees or commission, which saves you money, and you won’t need to deal with much of the paperwork either. Real estate investors can help to guide you through the process. You’ll need to be able to show hardship to the bank as the reason for the short sale, as well as other documents and receipts.

Your Texas Home Buyers was established by John Pribble, a ten year veteran in the investing world as well as a Real Estate Broker.  Our expertise in the real estate business has been fine tuned through hundreds of transactions.  We deal with houses in all price ranges, both ugly and pretty, in all areas. http://www.YourTexasHomeBuyers.com

Contact us today at YourTexasHomeBuyers to sell your house fast! http://www.YourTexasHomeBuyers.com

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Your Texas Home Buyers http://www.YourTexasHomeBuyers.com, is a real estate investment company in Fort Worth and the surrounding suburbs of Tarrant County Texas. We Buy Houses in all areas Fort Worth Texas area.