Idaho Realtor, Idaho Broker, Idaho Short Sales Idaho Residential, New Construction, & Short Sales and Foresclosure Certified Specialist

Karen Daniel
Associate Broker,
CDPE, SFR
Direct:  (208) 412-0509
eFax:  (208) 319-8680

 

 


 

 


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 With many Americans facing the very real threat of foreclosure, many are looking for ways to avoid it. One option, and a topic that has garnered a lot of industry interest, is a Idaho short sale. Idaho Short sales are becoming an increasingly popular, and common, foreclosure avoidance tactic for homeowners.
 
To help understand how a Idaho short sale would relate to, or differ from, a Idaho foreclosure, I have put together the graph below to help clarify.

  


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 "Defining A Short Sale"

Short Sale, also called "Short Pay", is a process by which a lender agrees to receive a lower amount of an owed debt in exchange for the sale of the property to a third party, usually at no cost to the borrower.
Most of short sale services are TOTALLY FREE OF CHARGE. As the most experienced short sale specialists I can help you prevent the downgrading of your credit scores while providing you A FRESH START.
Loosely defined, a short sale is a situation where the homeowner owes more on the property than it is worth and is in the process of selling the home.  The short sale scenario is that the homeowner has contacted their bank and the bank has agreed to allow the sale for less than they are owed.

         

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