Great!
We found Lauren and Keith after we got rid of our first agent and thank god we did! They will hold your hand through the entire process (if you want)
Wonderful Experience!
I just closed on my house and Keith and Lauren were wonderful. Their patience, diligence, and hard work in helping me find the perfect home and helping to make the process go as smoothly as possible.
The Right Realtors!
The Silbermans were introduced to me through a friend who needed to sell her home in a hurry and they got it sold in a weekend.
Really Great!
I would definitely recommend Keith and Lauren Silberman. They worked really hard to help us close when we wanted to and the seller did not, and went far above and beyond our expectations.
Sold in 7 Days!
The Silbermans helped us sell my moms house after she passed away. It needed some upgrades, and it was an emotional experience.Search Listings
Do you owe more on your home than your home is worth?
Help is just a phone call away!
Have you found yourself in the uncomfortable position of owing more on your home than what it can sell for and you don't know what to do? You are not alone. Many American families are "under water" in their homes due to the drastic change in the real estate market and the economy. The good news is... there are a lot of options, but it is important to educate yourself on all of the possibilities so that you will know which option is the right one for you.
Contact a Certified Distressed Property Expert (CDPE) today.
What is a Short Sale?
You may have heard a lot of talk about "short sales". Put simply, a short sale is when a home is sold and the amount of money received from the sale is not sufficient to pay off mortgages or other liens. Through negotiations with the existing lien holder(s), usually the bank that hold the mortgages, the lender agrees to release their lien (claim to the property) while receiving less than the amount owed on the debt. (ie. the debt is paid “short”). When a lender approves a short sale, they pay virtually all sales costs, including commissions, escrow and title fees and sometimes even repair costs.
By accepting a short sale, a lender can avoid the lengthy and costly foreclosure process and the homeowner is able to avoid a foreclosure on their credit report.
Under normal circumstances if the mortgages or other liens against the property cannot be paid from the sale proceeds, the seller must pay the additional amounts owed out of pocket, but if a seller is unable to pay for the shortfall, pursuing a short sale may be a good alternative.
Not all short sales are equal, however.
In some cases the lender(s) will agree to accept a short sale as full satisfaction for the loan. In other words, the seller is not responsible for the difference between what was owed on the loan and what the lender(s) received. This is not always the case. Lenders do have the right to pursue the debtor for the remainder of the debt.
When considering a short sale make sure you know your options. Each individuals situation is different. Talk to a knowledgeable realtor about your specific situation. Above all, make sure the person you speak with is a Certified Distressed Property Expert (CDPE) like the Silberman Team.