An important member of Fidelity National Title Insurance’s Seattle operations, Carmen Arruda is an assistant vice president and regional account manager at the company’s Bellevue, Washington, office. Carmen Arruda possesses a breadth and depth of real-estate knowledge that includes purchases and sales agreements, loans and security, and short sales.
A short sale is a viable alternative to foreclosure for many homeowners. It can help relieve or eliminate debt, reduce expenses, and sell a home quickly and easily. Short sales are beneficial if someone is behind on mortgage payments, owes more than the home is worth, or cannot sell a home for the price owed on the mortgage.
The short sale process is very much like a normal real-estate transaction. The real-estate agent and mortgage company work to price the home, review acceptable offers, and then sell it. It can take up to four months to complete a short sale. Those interested in a short sale should contact their mortgage company and a local real-estate agent as soon as possible. Beware of scammers who try to take advantage of struggling homeowners, and do not pay an upfront fee or sign over the title to a property without the involvement of a mortgage company.
A short sale is a viable alternative to foreclosure for many homeowners. It can help relieve or eliminate debt, reduce expenses, and sell a home quickly and easily. Short sales are beneficial if someone is behind on mortgage payments, owes more than the home is worth, or cannot sell a home for the price owed on the mortgage.
The short sale process is very much like a normal real-estate transaction. The real-estate agent and mortgage company work to price the home, review acceptable offers, and then sell it. It can take up to four months to complete a short sale. Those interested in a short sale should contact their mortgage company and a local real-estate agent as soon as possible. Beware of scammers who try to take advantage of struggling homeowners, and do not pay an upfront fee or sign over the title to a property without the involvement of a mortgage company.