Coleen Palmisano Email & Phone Number

Home sellers should consider a Short Sale when the value of their home is LESS than the amount of their outstanding loans. For example, if your home is worth $250,000 but you have a loan of $260,000 then a short sale is a consideration. Obviously, if you do not have to sell your home, you could wait out the market and hope for a turnaround in real estate values. However, if you do have to sell your home you basically have three options. First, you can bring cash to the table. In the example above you would sell your home for $250,000 and pay another $10,000 to the lender out of your pocket to pay off the loan on your property. Second, you could let the home go into foreclosure. The lender will go through the foreclosure process, force you out of your home and then auction it off to the highest bidder at a foreclosure or Trustee’s auction. The third option is to pursue a short sale. You contact the lender, explain the circumstances and convince them to take less than full value of their loan.We have negotiated thousands of short sales with a very high success rate. We know what is needed to generate the desired results when dealing with lenders and negotiating the best possible terms for sellers. We help hundreds of Realtors and their clients navigate the difficulties of a short sale. For more information about how we can help you achieve with your short sales please feel free to contact me at cpalmisano@leplap.com or 401-739-7397Specialties: Short Sale Negotiations

Listed skills include Real Estate, Selling, Mortgage Banking, Foreclosures, and 30 others.