|
Luxury Homes Agent, Short Sales Expert Information covering the New York areas of Orange County,Rockland County,Dutchess County. 845-863-4488.
|
|
|
|
Finding the Perfect Home Takes Work, Let me do it For You!
As a top Greater Hudson Valley Area Realtor, I make it my business to be aware of every property on the market, even some that have yet to be formally listed.
All you have to do is give me an idea of what you are looking for. I will take the time to review all my sources and match what I find to your specific criteria and price range. I'm an expert! Let me do the work!
If you want to turn your wish list into a real home, you will need the best help available. Don’t dive in alone! Let me simplify the confusion by doing all the research and tailoring the wide variety of listings to what you actually want.
I have the access, experience and savvy to save you time and hassle in your search! Your perfect home is out there, let me find it for you.
This service is completely free of cost and obligation. It’s my job!
Fill out this form in as much detail as possible and I will get back to you promptly. 
 |
Short Sales >1. What Is a Short Sale? A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
|
|
|
|
Rhonda Rios
Keller Williams
229 Route 32, Suite #1
Central Valley, NY. 10917
Phone: 845-863-4488
Email: rhondarios@NUMBER1EXPERT.com
Rhonda Rios is a full-time, licensed real estate Broker Associate with Keller Williams Realty, Central Valley, N.Y., serving Orange, Rockland, Sullivan, Ulster & Duchess Counties. Her real estate experience dates back to her father being a local builder and her mother a broker. Knowing and living the business, Rhonda decided to take the same career path. Rhonda's most recent awards include Rising Star Award for Listing & Sold Units, Keller Williams Culture Award, Keller Williams Cares Award, Keller Williams "Cappers Club and Agent of the Month.Rhonda is also E-Agent certified, Certified Buyer's Representative and Graduate from the Realtor's Institute. Rhonda's commitment, diligence, enthusiasm and perseverance are key to helping their clients reach their goals.      
www.RhondaHomes.com is brought to you by
Rhonda Rios
NUMBER1EXPERT™ in real estate for
Orange County, Rockland County and Dutchess County, New York Read Rhonda Rios'
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
