North Carolina

I scored Sarah Palin tickets and I feel like I just won the lottery! Well, I guess I "sorta" did. Found the last two tickets available in Goldsboro. Problem is this...my daughter and my mother both want to go with me. One will be mad if I take the other. Guess we'll see how it all shakes out tomorrow.

I am a Certified Short Sale Specialist. A lot of people don't know exactly what a short sale is or what it entails. Even quite a few Realtors aren't quite sure of the process. If you're needing to sell your home as a Short Sale/Preforeclosure or are seeking to buy a shortsale, make sure you interview the agent involved so you know they are properly qualified. For short sale questions or comments, please send me a message. You can reach me at RedHotProperties@gmail.com or call 336-987-6242. Sincerely, Heather Brooks

Now that's out of the way....who does a short sale benefit and what exactly is it?

A short sale is when a bank will negotiate the sale of your home at a reduced price. It is prior to a foreclosure, so you are the owner and the Realtor lists the home for sale through you. Once you sign the listing agreement and paperwork, the agent will either email, fax or mail all of this to the short sale department at the bank. Your agent will also need an authorization letter from you stating you allow them to negotiate on your behalf. You'll need a hardship letter explaining why you cannot make your payments and need the short sale. You will also be asked to provide a personal financial statement, bank statements, past W-2's, etc. It varies per bank/lending institution. From there, he/she will list your home for sale and and hopefully bring a buyer. Once an offer is made, you sign off on it and the agent then sends to the bank.