>> BROUGHT
>> TO YOU BY ROCKET MORTGAGE BY
QUICKEN LOANS TO GET MORE THAN
EXPECTED FROM A
MORTGAGE LENDER.
>> YEAH GUYS IF YOU'RE IN NO
RUSH TO BUY A HOME AND YOU WANT
TO SAVE IT
CASH. WELL, THERE'S A KEY WORD
THAT YOU SHOULD USE IN RESEARCH
TO
LOOK FOR AT HOME. IT'S SHORT
SALE TODAY WILL HELP YOU
NAVIGATE THE TRANSACTION AND
HELP YOU DECIDE IF THAT'S THE
RIGHT PATH FOR YOU FIRST.
>> WHAT IS A SHORT SALE A SHORT
SALE IS A HOME THAT'S AVAILABLE
AT A PRICE THAT
IS LOW MORE THAN THE AMOUNT
OWED BY ITS CURRENT OWNER OR
PUT ANOTHER WAY THE OWNER.
IT WAS MORE ON THEIR MORTGAGE
THAN THEIR HOME IS ACTUALLY
WORTH.
>> YEAH, THERE'S A VARIETY OF
REASONS WHY AN OWNER MIKE PUT
THEIR HOME UP FOR A SHORT SALE
THAT RANGES FROM AN INABILITY
TO PAY THEIR MONTHLY MORTGAGE
TO MAYBE NEEDING TO RELOCATE
FOR MAYBE A BETTER
JOB OPPORTUNITY.
>> ONCE THE OWNERS LENDER
AGREES TO A SHORT SALE THE HOME
AS ADVERTISED ANDSOLD BY THAT
LENDER THE PREVIOUS OWNER,
YEAH, PUPPET.
>> BEFORE WE GET INTO WHY SHORT
SALES COULD BE A GOOD DEAL FOR
THE BUYER,
MAYBE YOU LET'S CLEAR UP A
COMMON MISCONCEPTION
HERE OK.
>> SHORT SALE IS NOT THE SAME
AS A FORECLOSURE FORECLOSURE IS
A LEGAL PROCESS FOR A LENDER
TAKES CONTROL OF THE PROPERTY
FROM
A BORROWER WHO WAS STOPPED
MAKING THEIR MONTHLY PAYMENTS
AND IS IN DEFAULT ON THE.
>> OUR LOW YEAH, SO IF YOU'RE
LOOKING TO BUY HERE ARE A
FEW BENNETT, IT'S AND
CONSIDERATIONS ALL OF A SHORT
SALE FOR STOP HOMES FOR SHORT
SALE TYPICALLY ARE
ACTUALLY PRICE WHILE LOWER THAN
MARKET VALUE. SO BUYERS CAN
OFTENTIMES GET A REALLY GOOD
DEAL ON THE HOUSE.
>> HOWEVER, BECAUSE THE LENDERS
TRYING TO RECOUP AS MUCH AS
THEY CAN THE SALE THEY COULD
MAKE ROUNDS OF CASH. ASKED
BUYERS TO PAY THE CLOSING FEES.
OPEN TO
COMPLETING RENOVATION PRODUCT
PROJECTS IN THE SAME WAY A
TRADITION ERS TRADITIONAL
SELLER WOULD IF THERE ARE SOME
ISSUES DURING THAT HOME
INSPECTION.
>> YEAH, FINALLY GUYS CONSIDER
THE TIME IT'S GOING TO TAKE TO
CLOSE THE HOUSE THIS PAPERWORK
PROCESS CAN BE SIGNIFICANTLY
LONGER YOU KNOW ON AVERAGE
SIGNING IN SEALING THE DEAL IN
A SHORT SALE CAN ACTUALLY TAKE
UP TO A 120 DAYS WHILE THE
TRADITIONAL HOME SALE THAT
TYPICALLY JUST TAKES ABOUT 45
DAYS OR DEPUTY HUGE FRACTION OF
ALL OF THAT
ON THE FLIP SIDE THOUGH
LENGTHEN TIMELINES MEANS THAT
COMPETITION FOR YOU AS A BUYER
AND MORE TIME TO ENSURE THAT
YOUR GETTING THE EXACT DEAL
THAT
YOU WANT.
>> GET READY TO START LOOKING
FOR YOUR PERFECT HOME HEAD OVER
TO ROCKET MORTGAGE DOT COM
BECAUSE NOT JUST A MORTGAGE,
IT'S YOUR MORTGAGE SHUN ROCKET
MORTGAGE HAS FOUND A BETTER
WAY.
>> ALL RIGHT GUY SADLY T