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Home Short Sale

How to Do a Short Sale

Chuck Marunde by Chuck Marunde
September 2, 2019
Reading Time: 2 mins read
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1

How to do a short sale, that is the question.  Homes that were bought at the peak of the market in 2005 or 2006 and mortgaged with a maximum loan to value ratio may be underwater, meaning that the FMV (fair market value) may be less than the current balance of the mortgage.  In order to sell the home, the price will have to be reduced to the FMV, and that will require the bank’s cooperation.  The bank will have to agree to accept a loss in order to facilitate the sale.  But most people and Realtors are wondering how to do a short sale.

How do Do a Short Sale

How to do a Short Sale in this Market

In this short video on how to do a short sale, you can take a look at the online short sale engine that helps organize and manage all of the documentation needed to coordinate a short sale with all of the parties involved.  Simply go to Short Sales Online.

How to do a Short Sale Online

Getting a short sale done is no task for the uninitiated.  I kid you not, short sales are difficult to get done with all the paperwork required and all the coordination required over a period of weeks or months.  Many short sales fail, and there are a dozen reasons short sales fail.  If you have a home for sale in Sequim or Port Angeles, and it needs to be a short sale, email me for assistance.  I’d be glad to help answer your questions on how to do a short sale.

Last Updated on September 2, 2019 by Chuck Marunde

Tags: Short Sale
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Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service.    Privacy   I hope you'll join our community and leave comments from time to time. Please realize that comments, if approved, will be public, so do not use any personal information you don't want broadcast to the world, and definitely don't leave a phone number. Comments are not the place to ask Chuck Marunde for help in finding a home. To do that, call or text Chuck. Privacy Policy   If you'd like to view how we protect your privacy, see our Privacy Policy.

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Comments 1

  1. Kennewick Homes For Sale says:
    12 years ago

    There seems to be a lot of people who want a short sale, but aren’t willing to put in the time or energy that goes along with it. It is important to remember that buying a house is never a simple task. The video is very helpful!

    Reply

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  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    • Sequim Real Estate for Buyers (Free eBook Updates Forever)
    • Sequim Real Estate: A Buyer’s Guide (Paperback)
    • Escaping California to The San Juan Islands
      • Menu Below
    • Buying & Selling Real Estate in The Rain Shadow
    • Real Estate From Bricks & Mortar to High Tech Virtuality
    • The Seven Myths of Selling Your Home
    • Buying Your Retirement Home
    • The New World of Marketing for Real Estate Agents
  • Agents
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    • Flat Fee Listing Broker

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