Typically, a short sale is conducted to prevent a bank from having to foreclose on a home. Although the lender may ultimately collect less than the amount owed on the mortgage, they will save money by not having to pay attorney's fees, go through an eviction process, make repairs to the home so it is marketable, or have the expense of keeping real estate in inventory. Short sales can be very tricky and time consuming and need to be negotiated with the lender. Elegance Realty specializes in marketing property where a short sale may be a seller's last option before the home is foreclosed on. If you are behind on mortgage payments, have been contacted by your lender about foreclosure, or are considering selling your home to avoid foreclosure, call Elegance Realty about negotiating a short sale for you. We negotiate short sales on behalf of our clients and can usually find a purchaser for your home very quickly. The key to a successful short sale is to call Elegance Realty as soon as possible.

The Short Sale Specialist!
When you are faced with foreclosure, don't get upset, just call me immediately!  I help homeowners who are in this destitute situation by selling their home at a discount to avoid foreclosure. 

Don't have any equity so you are holding off on selling?  Your current Realtor told you to just wait for the market to recover? Analysts say this may not happen until the Spring of 2010.  Do you have that much time to wait or do you need to sell now?

Did you know that 1 in every 316 households in Georgia is estimated to go into foreclosure? Why be stressed about your situation?  Don't be!  You are not alone. Give me the opportunity to show you what I am made of.  Don't let your home go into foreclosure!

Click the links above to find out more about what a "Short Sale" is and how I can help you avoid foreclosure.

"You Won't Be Disappointed..."

ELEGANCE REALTY, LLC has a specific focus on helping homeowner’s stop foreclosures through negotiating debt on nonperforming assets with banks, otherwise known as “Short-Selling” the mortgage. As we have been focusing on this niche within the pre-foreclosure arena, we have developed strong relationships with all the major lenders operating in Atlanta and have established relationships with most of the loss mitigators at these banks so that our success rate is extremely high.

What is a Short Sale?

A Short Sale is getting the bank to take less than the amount owed as “Payment in Full” typically when there is very little equity or a large second and/or third mortgage.

Why do banks Short Sale?

• The mortgage is in arrears or foreclosure.
• The property is in poor condition.
• The homeowner has hardships and cannot afford the payments.
• New homes in the area are being chosen over existing homes.
• The area or neighborhood has depreciated in value.
• The bank’s shareholders are concerned when there are too many defaulting loans on the books.
• Some banks are required to prove a loss each month.
• Some banks are required to have up to six times the amount of the property loan on reserve before they can lend that amount out again in the form of new loans.
• A home taken back by a bank is a liability, not an asset. Too many liabilities will cause any business to go under.

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Disclaimer: The information provided on this website should not be constituted as legal advice.
The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.