Short Sales Realtor Louisville KY – Dave Halpern (502) 664-7827 or (502) 895-3100

Helping Borrowers Get Rid of Overwhelming Mortgage Debt

Short Sales – Can I Sell Even If I Owe Back Property Taxes?

leave a comment »

Short Sales – Can I Sell Even If I Owe Back Property Taxes?

By Dave Halpern, Realtor, Louisville Short Short Sale Expert, (502) 664-7827 or (502) 895-3100

Yes! You can sell your house even if you can’t afford to pay the back property taxes. In a short sale, your lender will usually pay your closing costs for you, including your back property taxes.

Doesn’t make sense? Sounds too good to be true? The bank is hounding and pounding you to make a mortgage payment, so why would they pay thousands of dollars of your selling costs?

Here’s why: When you owe too much on the house and you can’t sell the house to cover the mortgage payoff and closing costs, the bank knows they are in trouble. If you can’t make the mortgage payments the bank either has to incur the huge cost of foreclosing or they can let you sell the house for an amount short of the payoff, often called a “short sale”.

The bank prefers to get a check for an amount short of the payoff rather then get the keys to a house that they have to liquidate and net less than they would in a short sale.

In a foreclosure the bank eventually has to pay your back property taxes one way or another. They might as well pay your taxes now so they can get to the bigger check waiting for them.

Not all short sales are alike, and sometimes the bank isn’t prudent enough or efficient enough to approve the short sale. In an ideal successful short sale, your lender will typically pay all closing costs, including attorney fees, transfer taxes, back property taxes, current year’s prorated taxes, homeowner association fees, real estate commissions and more.

If you need a short sale, make sure to work with a Realtor who has a proven track record of closing dozens of short sales per year. A professional short sale expert should be able to produce many testimonials from prior clients and proof of eliminating millions of dollars of mortgage debt shortages, liens, property taxes. Also, ask the Realtor about short sales that didn’t work out and what the reasons were.

Many homeowners make the wrong assumption that they have to go to foreclosure because they owe too much. Please call Dave Halpern (502) 664-7827 to find out about options you may not have considered. I have helped many families sell their house at no cost to them even though they owed thousands or tens of thousands more than the house was worth.

Dave Halpern, Broker

(502) 664-7827

http://www.LouisvilleShortSaleExpert.com

Follow me! http://twitter.com/dave_halpern

Connect! http://www.linkedin.com/in/davehalpern

Subscribe! http://davehalpernlouisvilleshortsaleexpert.wordpress.com/ testimonials

http://activerain.com/davehalpern

http://www.trulia.com/blog/dave_halpern

Check out my articles! http://ezinearticles.com/?expert=Dave_Halpern

Blogspot http://louisvilleshortssalesexpertdavehalper.blogspot.com/

http://www.squidoo.com/DavidHalpernLouisvilleKYShortSalesExpert

http://www.trulia.com/blog/dave_halpern/2010/03/short_sales_in_louisville_the_right_realtor_makes_all_the_difference

https://shortsalesrealtorslouisvilleky.wordpress.com/2010/04/04/short-sales—can-i-sell-even-if-i-owe-back-property-taxes/

https://shortsalesrealtorslouisvilleky.wordpress.com/2010/03/21/short-sales-in-louisville–the-right-realtor-makes-all-the-difference/

Advertisements

Short Sales in Louisville –The Right Realtor Makes All The Difference

leave a comment »

By Dave Halpern, Realtor, Louisville Short Sale Expert, (502) 664-7827 or (502) 895-3100

If you must sell your house but you owe more than the house is worth, please do not despair. Lenders often let the owner sell the house or an amount short of the payoff. Hence this arrangement is called a “short sale”.
The lenders usually require that the house be listed with a Realtor. The short sale is a very complex process and must be done right the first time. It is vital that the seller choose a Realtor who is an expert at obtaining a short sale.
I successfully negotiate and close dozens of short sales every year in Louisville, Kentucky. Sellers have called me many times after real estate investors or other Realtors were unable to follow through with the short sale. The truth is, most real estate practitioners are not trained or set up to process short sales.
As you search for the Realtor with whom to place your trust, please make sure that the Realtor is (1) Capable, (2) Available, and (3) Cares.
I have outlined below the key qualities you should search for and verify:
1. Capable
a. Trained
b. Experienced
c. Organized
d. Seeks knowledge by attending many short sale continuing education events
e. Better yet – is the Realtor is a teacher? You may have heard the saying “If you want to learn something – teach it”. If your Realtor is a sought after teacher and mentor of short sales, you know you found an expert.
2. Available – has time
a. A successful Realtor has the same 24 hours in a day as anyone else. 24 hours in a day is not enough when handling the extremely time consuming short sale tasks.
b. Time can be expanded with staff. Does your Realtor have staff to handle the multitude of short sale tasks and challenges?
c. A loner can’t handle short sales. The constant and repetitive communications with the lender will be nuisance to a Realtor working alone.
d. Having a highly trained short sale staff means that short sales is the core business, not a distraction.
e. Systemization – Your Realtor and Realtor’s office must be highly systemized. Systemization creates efficiencies and frees up more time to work on getting the results you need.
3. Cares – The most important characteristic of a successful short sale Realtor
a. This is not a house business.
b. This is not a commission business.
c. This is a people business.
d. If the Realtor cares, you will know it. And it will make all the difference.
e. Check testimonials. Your Realtor should have dozens of testimonials from previous clients. Clients will write glowing testimonials only if they mean it, and only if the Realtor truly cared and touched their lives.

David Halpern is a Real Estate Agent and Real Estate Broker in Louisville, Kentucky. The name of Dave’s Realty Company is Louisville Short Sale Expert which reflects his total dedication to helping homeowners avoid foreclosure by procuring a short sale.
Dave successfully closes dozens of short sales each year in Louisville, Kentucky. Dave has helped many homeowners avoid foreclosure and bankruptcy by skillfully procuring a short sale for them. The seller has zero out of pocket costs. The foreclosing lender pays all closing costs and commissions on behalf of the seller. Many Realtors in the Louisville area refer and outsource their short sales to Dave, due to his extremely high success rate.
Dave is accredited by the Commonwealth of Kentucky to teach other Realtors the complexities of short sales. Hundreds of Realtors have attended his courses.
Many enthusiastic testimonials from satisfied customers and clients can be read at http://davehalpernlouisvilleshortsaleexpert.wordpress.com/
Dave can be reached at (502) 664-7827. Please visit his website Louisville Short Sale Expert

Dave Halpern, Broker

(502) 664-7827

http://www.LouisvilleShortSaleExpert.com

Follow me! http://twitter.com/dave_halpern

Connect! http://www.linkedin.com/in/davehalpern

Subscribe! http://davehalpernlouisvilleshortsaleexpert.wordpress.com/ testimonials

http://activerain.com/davehalpern

http://www.trulia.com/blog/dave_halpern

Check out my articles! http://ezinearticles.com/?expert=Dave_Halpern

Blogspot http://louisvilleshortssalesexpertdavehalper.blogspot.com/

http://www.squidoo.com/DavidHalpernLouisvilleKYShortSalesExpert

http://www.trulia.com/blog/dave_halpern/2010/03/short_sales_in_louisville_the_right_realtor_makes_all_the_difference

https://shortsalesrealtorslouisvilleky.wordpress.com/2010/04/04/short-sales-–-can-i-sell-even-if-i-owe-back-property-taxes/