Hello, my name is Dave Halpern and I am a real estate agent and real estate broker in Louisville, KY.
I specialize in helping homeowners shake off insurmountable mortgage debt by negotiating a short sale with their lenders.
When a house cannot sell for enough to pay off the mortgage, it's often refered to as an upside mortgage. In today's declining real estate market, there are many millions of upside down or underwater mortgages.
In many cases, the homeowners have to move because of life events such as divorce or job relocations. Often in today's economy, job loss occurs and the family cannot make the monthly mortgage payments.
In the past, when the market values of houses steadily increased, and when a crisis or an opportunity came up, the homeowner would simply sell their way out of their house and get the mortgage paid off.
Today however, that is often not the case. Lenders are aware of the situation and usually agree to accept a amount short of the payoff, hence the term "short sale".
Th short sale process is anything but short. It is a long and complex process that requires a professional and experienced negotiator, typically a Realtor. The lenders usualy require the house be listed with a Realtor to ensure the property receved broad exposure to the market.
It is important that the homeowner selects the most experienced short sale Realtor they can find. The Realtor must be able to demonstrate a proven track record of many successfully completed short sales.
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Dave Halpern successfully closes dozens of short sales each year in Louisville, Kentucky. Dave has helped many homeowners avoid foreclosure and bankruptcy by skillfully procuring a short sale for them. The seller has zero out of pocket costs. The foreclosing lender pays all closing costs and commissions on behalf of the seller. Many Realtors in the Louisville area refer and outsource their short sales to Dave due to his extremely high success rate.
http://www.louisvilleshortsaleexpert.com/
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Saturday, March 20, 2010
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