| Should I stay in my home or move out if I am going to do a short sale? |
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| Frequently Asked Questions |
| Friday, 02 July 2010 10:40 |
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Generally, we advise homeowners to stay in their home as long as possible. One of the advantages of doing a short sale is that you can exit the property in a planned, orderly fashion. Additionally, you can save money spent on housing during this period so you will have an initial rental payment and security deposit ready once the short sale closes. Once your lender approves a short sale, you will typically have at least thirty days advance notice of the closing date to move out while the transaction is in escrow. |
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Client Testimonial
"Since I began working with the Rasmussen Law Office two years ago, I have been able to rest assured knowing that any short sale listing that I refer to them will close. You will never have to wonder what is happening with your sale because of their commitment to follow up with you and your clients. The law office can also help your client deal with the tax implications and deficiencies after their short sale closes. I highly recommend the law office to any Realtor who can’t afford to gamble with closing their short sales. Thanks for all your help, Note: This testimonial or endorsement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. |
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