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Dealing with Foreclosure

What is a short sale?

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Amelia Robinette
TeamRobinette
www.teamrobinette.net  
703-533-8120

Amelia Robinette is trained in personal financial planning and has an extensive background in corporate finance. She brings her skills analyzing the "big picture" to her mortgage clients. Customer service is the most important thing to Amelia and her team of professionals. Obtaining a mortgage can be a stressful process.  It should be taken very seriously… you are dealing with not only very large sums of money, but your home. 

TeamRobinette understands that these are very important and personal decisions and will guide you along the way, removing any mystery from the process. Amelia has several years of experience providing mortgage options to her clients so they are well informed about all programs available. Amelia's focus is on teaching people how to integrate their mortgage into their financial plan, taking into consideration short-term and long term cash goals, as well as overall investment planning.

TeamRobinette also offers commercial mortgages, housing counseling, reverse mortgages, small business financial planning, and construction loans.

What is a short sale?

Give yourself every advantage when you're facing foreclosure. And get tips on how to avoid finding yourself in that situation. Expert Amelia Robinette explains some of the terminology associated with foreclosure and gives tips to help you get back on track.

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Tags:

Foreclosure

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Property

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House

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Sale

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Mortgage

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Debt

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Host: What is a short sale?

Amelia Robinette: A short sale is when you sell your property for less than you owe on your mortgage. You need to have the property listed with a licensed realtor and when you receive an offer for example, if you owe a $100,000 on your mortgage and you have an $80,000 offer, you and your realtor will submit that to the lender. The lender will approve or deny the offer and you will be released from your $100,000 mortgage through the $80,000 payoff from the buyer and any liens will be released from the property as well.

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