Short Sales - Let Compass Realtors® be Your Guide
What is a short sale? Basically, a short sale is when a property is sold for less than the balance owed. There are many reasons why a home owner may need to short sale a property; illness, job loss/change, divorce, death of a spouse, or some other hardship.
A shortsale can be a better alternative to foreclosure because the long term consequences are less painful. According to Realtor.com, the waiting period to buy a home after foreclosure can be 5 - 7 years but as little as 2 years if done as a shortsale.
Contact a Compass Realtor® today for a confidential, no obligation consultation. We can assist you with lender negotiations, buyer negotiations, property marketing, and document preparation. We'll even negotiate with the lender to cover our fees.
Are you a buyer interested in purchasing a shortsale listing? We can assist with that as well. For your convenience, be sure to register for a free account to receive email alerts whenever new short sale listings in Louisville Kentucky and Southern Indiana become available. To see all homes for sale, click Southern Indiana and Louisville MLS listings.