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Sell For Less Than Owed

Are you looking for a short sale definition? In the simplest terms, it means selling your property for less than the loan amount owed. When the homeowner and a buyer agree to a price less than the mortgage amount, sometimes a bank will release the property for the lower amount. The reason a lender would take less is because it helps all main parties involved - the seller, the buyer and the lender. If you own Branson real estate or Table Rock Lake real estate and you're considering foreclosure, please think about the possibility of a short sale.

Many people wonder why a lender would take less for property than what is owed? Simply put, foreclosure is expensive. Lenders are in the habit of lending money, not being landlords. Despite some homeowners misconceptions, the bank does not want your home. By doing a short sale you can alleviate the stress and burden of a foreclosure. While it's true that doing a short sale will most often show up as a negative mark on your credit score, it's not nearly as damaging today as a foreclosure. What makes a short sale difficult is often the timing. There is a certain window of opportunity for doing a short sale. That's why it's important to find the right Realtor who has the connections in the banking industry, as well as a knowledge of how short sales are handled.

Short Sale Specialist

I'm Charlie Gerken and I've been helping buyers and sellers with short sales when it comes to Branson real estate and Table Rock Lake real estate. If you're considering buying or selling a short sale home, please contact me for more information. There's no cost and no obligation to confidentially examine your situation. Get started by contacting me today.

Averages for Reeds Spring, Branson, Lampe, Hollister, Kimberling City, Branson West, Galena, Blue Eye, Kirbyville, Merriam Woods, Walnut Shade, Ridgedale, Forsyth, Powersite, Indian Point as of 11/15/2018

Average Property Stats
November 2018

Beds

3

Baths

1

SQFT

1862

Acres

104.1

Current Listings
November 2018

Average Sales Price
November 2018

$250.5K
$1 - $10M

Average Build Age
November 2018

1894 - 2019

Average Days on Market
November 2018

2
Days

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Displaying results 1-3 of 3
50 Photos 115 Cove View Drive Hollister, MO 65672

115 Cove View Drive
Hollister, MO 65672
Emerald Pointe
residential

MLS# 60051346 / Active
4 br, 3 ba, 1 Half Bath, 5235 Sqft
Type: Single Family

AMAZING Panoramic Views of Table Rock Lake- 1 of a Kind, Builder's Home w/ much attention to detail- from your first step inside see dramatic lake ... 

More Details

$515,000
Reduced -$15,000
50 Photos 40 Monark Lane Lampe, MO 65681

40 Monark Lane
Lampe, MO 65681
Scott
residential

MLS# 60079957 / Active
5 br, 3 ba, 2397 Sqft
Type: Single Family

Lakefront plus great view from both levels. Floor plan makes it very easy to entertain guests. 500+ square ft. deck. Large sun room when you don't ... 

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$250,000
Reduced -$30,000
32 Photos 15920 Hwy 160 Forsyth, MO 65653

15920 Hwy 160
Forsyth, MO 65653
N/a
residential

MLS# 60097560 / Active
1 br, n/a ba, 3 Half Bath, 2940 Sqft
Type: Other

Bank owned & Brand New Roof & Siding. Fantastic Opportunity to open a commercial business and have an living space downstairs. Property comes with... 

More Details

$189,900

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