Sellers

There are many different reasons homeowners are in a place that they need to sell. Job transfer, need a bigger home, need a smaller home, need to sell due to job loss, need to get rid of a toxic asset, need to sell before the bank forecloses. These are a big part of determining what kind of sale will be.

The most common types are:

• Standard Sale: This home owner has equity and is in control of the sale.
• Short Sale: This home owner is upside down in equity and usually does not have the funds to make the monthly payments. This homeowner wants to avoid a foreclosure. The mortgage company will have to approve the  sale of the home for less then what is owed.
• Probate: This happens most often when a person has died and it is being sold by the executors of the estate.
• REO- Real Estate Owned – This is owned by a mortgage company (a bank most often) and is selling it after taking it back from the previous owners.
• Foreclosure -
• Deed-in-Lew of Foreclosure -
• Loan Modification -