Thursday, November 10, 2011 / by Lynn Horner Baker
"Can an investment property that was inherited be a successful short sale without the owner having to pay back the deficiency? I am curious to know the answer. Bernice.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here was the answer to her question. We would say yes. We would guess that there would be no deficiency because the loan was probably in the deceased's name, not the person who inherited it. Go for it!
It will be a little work appeasing the bank because you don’t have the previous owner’s financials. But, I am sure an exemption can be made for that.
Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at Lynn@HornerBakerPartners.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 770 579-4060
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our North Metro Atlanta loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Lynn Horner Baker.
Lynn is a Real Estate Agent at Horner Baker Partners. North Metro Atlanta Short Sales Realtor:
Phone: 770 579-4060. Lynn@HornerBakerPartners.com.
100% Released From Your Mortgage or We Will Pay You $1000.00!
View all your options at www.AtlantaShortSaleSecrets.com.