Commercial Property Short Sale Realtor   

While we've heard of quite a few residential short sales and foreclosures, some neglect to realize there are also many commercial properties headed straight for foreclosure if nothing is done. This doesn't have to be the case! Just like homeowners can avoid fore- closure through a short sale, the same is true for owners of commercial real estate.

What is a short sale?
A short sale is a real estate transaction that takes place when a property owner is in a negative equity position on their commercial property, owing more on their loan than the property could currently sell for in today's real estate market. However, in addition to this, borrowers must prove that they are experiencing a financial hardship that hinders them from paying off the loan. This could include an increase in rental vacancies, a decrease in rental income, or other financial hardships that may be a result of the U.S. economy's current situation.

  The first step is to contact us. We will ask for you to explain your situation to us before assuming a short sale is your best option. If we determine that you will likely qualify, we will then match you up with our commercial short sale specialist Realtor in your area. Our network of Realtors stretches across the country, covering nearly every area imaginable.

The Realtor we match you up with will handle all of the negotiating with your bank. This includes an attempt to secure you a full release from the debt on the property. The average Realtor within our network has closed over 50 short sale transactions. Additionally, our agents work cooperatively with sellers' attorneys, including foreclosure defense attorneys. All of your information will remain completely confidential; your financial situation is no one's business except yours and your debtor's. 

Short Sale Benefits First of all, a short sale allows you to get rid of your commercial property without ruining your credit. In addition to this are many other benefits of a commercial short sale transaction.

• You will receive FREE stop foreclosure services on your commercial property.
• Your lender will pay all of your closing costs.
  
• Our commercial short sale Realtor will represent you throughout the entire process, making sure you are properly informed and never taken advantage of.
• A successfully completed commercial short sale will appear on your credit as "Paid As Negotiated" or "Settled In Full," just like any other paid off debt.
• In most cases, borrowers are completely forgiven of the remaining debt on the loan, the deficiency that remains after the sale. Keep in mind, this is not always the case.

Stop Foreclosure on Your Commercial Property!

• After a foreclosure, it can take as much as seven years for your credit to recover enough to qualify for a new loan. After a short sale, your credit can recover in as little as two years.

After foreclosing on your commercial real estate, your lender holds the right to pursue a deficiency judgment even years down the road. Through a short sale, your lender can forgive you completely of the debt remaining on the loan. This is not always the case, but in more cases than not, complete forgiveness is achieved.

• Foreclosure proceedings cost a bank on average $58,000. This does not include the additional fees required if the property does not sell at auction. Many banks are now stuck with vacant commercial properties and homes that are only deteriorating with time. It is for this reason that in most cases lenders prefer to stop commercial foreclosure and allow you short sale.
  
  
• When distressed commercial real estate properties are not sold at auction they are required to go through the bank REO system, resulting in a longer sell process and a potentially higher deficiency for the borrower.

877-737-4903

Commercial Short Sale Specialist Realtor Help Across the Nation!

  Don't allow your commercial property to slip into foreclosure. Short sale your commercial property with an experienced short sale specialist Realtor in your area of the nation. You will receive FREE stop foreclosure services on your commercial property! Call today and ask, "How do I short sale a commercial property?" or say, "I need a commercial real estate agent!"

 877-737-4903

Need a luxury home Distressed Property Expert Certified in short sales to offer free Chase short sale services?  Our luxury real estate Distressed Property Expert real estate agents are here to help.

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