Are You Ready To Buy A Home?

Are you ready to buy a home? Are you armed with all the knowledge you need to get started? What is your credit score? Do you qualify for an FHA or Conventional Loan? How much can you afford?

 

 

 

Our lending partner Xcel Financial offers FREE mortgage consultation.

 

They able to assist in the financing of the following loan programs:

Conventional Fixed Rate Loans
Fixed Period ARM Loans
Jumbo Loans
FHA Purchase and Streamline Loans
VA Loans
USDA Purchase Loans

 

 

Pre-Qualify for a loan here. 

 

Like their Facebook page here.

 

Once you're pre-approved, I will help you find the home that fits your style and budget. I've worked with many buyers all along the Wasatch Front to purchase their dream home, whether it was an equity sale, short sale, foreclosure, HUD home or FSBO... I will work with you to find the perfect one.

Call me today!

Julie Larson
801-755-8899
Search for Homes Here
callteamlarson@gmail.com
Free Consultation ~ No Obligation

@Home Realty Network
Sandy, UT

Short Sale in Utah

What is a short sale?

This definition comes from Wikipedia A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.^[1] Any unpaid balance owed to the creditors is known as a deficiency.^[2][3] Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties. 

Okay, so what does that mean, really?

You bought a home for $200,000.

You lost your job, got a divorce, overwhelming medical bills, etc.

You need to sell.

Your property value has dropped to $150,000.

The bank verifies the value has dropped, then allows you to sell for $150,000.

You avoid foreclosure.

There are homeowners who have attempted to do this on their own, but banks really don't take them seriously. Most banks have changed their guidelines and it MUST be listed on an MLS with a local Realtor. The difference between a short sale vs foreclosure on your credit could mean several years before being able to buy again and be on your way to credit repair. In addition, many banks and even the government, are offering incentive programs to short sale, offering relocation assistance. It varies from bank to bank.

Think of it in terms of getting sick. You can take OTC medications for colds, have a first aid kit for cuts and scrapes, but if you have a heart attack, you're going to find the most experienced cardiologist you can find.

We have helped over 130 Utah homeowners avoid foreclosure and successfully short sale their home. Many clients have been able to repair their credit and they return to us to find them their next dream home.

Call or email me today for a free consultation.

Julie

Julie Larson
Realtor Utah
801-755-8899
Search for Homes Here
callteamlarson@gmail.com