http://www.DuffyRealtyofAtlanta.com will show you the exact steps that you need to know to short sale your home in Covington, Georgia.

1. Duffy Realty of Atlanta
Presents
Short Selling Your Home –
Everything You Need to Know
Presented by
Rhonda Duffy
Duffy Realty – Your Competitive Edge
Copyright 2011

2. What We Will Cover Today
1.What is a Short Sale?
2.Who qualifies to short sale their property?
3.What happens in a short sale?
4.What will I owe my lender(s) at the end of a short sale?
5.What happens to my credit after I successfully short sale my property?
6.What is the one thing that I must have to short sale my property?
7.How we come up with the price for your property?
8.What to look for in a short sale agent?
Duffy Realty – Your Competitive Edge
Copyright 2011

3. What is a Short Sale?
● A short sale is a
transaction wherein your
lender allows you to sell
your property for less
than you owe and they
wipe away your debt.
Duffy Realty – Your Competitive Edge
Copyright 2011

4. Who Qualifies For A Short Sale?
Anyone who can prove a hardship qualifies for a short sale.
● Divorce
● Relocation
● Medical Bills
● Loss of Job
● Crime in the Neighborhood
● Loss of Rental Income
● Death in Your Immediate Family
● Your adjustable rate mortgage has reset
● You simply can not afford to live in the home
Duffy Realty – Your Competitive Edge
Copyright 2011

5. What Happens in A Short Sale
You live in the property if you
•
want to while we market the
home for a buyer.
•When we get a buyer that we
want to take to your lender, we
prepare a package of your
circumstances and send that to
the lender.
We wait on the lender's terms.
•
You decide if you want to close.
•
Duffy Realty – Your Competitive Edge
Copyright 2011

6. What Will I Owe the Lender(s)?
● The purpose of the short sale
is to sell the property without
owing the final balance.
● Some lenders may ask you
for a small contribution,
others will not ask you for
anything.
● You won't know what you
might owe until you get the
offer from the lender(s).
Duffy Realty – Your Competitive Edge
Copyright 2011

7. What Happens to My Credit After A
Short Sale
You will get dinged on your credit and will not be able to
purchase a home for 2 years at great credit terms.
Foreclosures ding your credit for 7 years.
Duffy Realty – Your Competitive Edge
Copyright 2011

8. What is the One Thing That I Must
Have To Short Sale My Property?
● A Buyer that is willing to pay
what the bank wants for the
property!
● Nothing happens without a
buyer!
Duffy Realty – Your Competitive Edge
Copyright 2011

9. How Do We Come Up With the Price
For Your Property?
● Your Lender(s) have a
certain ratio that they will
accept that is based on the
property's fair market value.
● We use this ratio and then
add in the commissions paid
to us and the buyer's agent,
taxes and any liens on the
property.
Duffy Realty – Your Competitive Edge
Copyright 2011

10. What To Look For In a
Short Sale Agent?
Most agents report that they close only 25% of their short sale listings.
This is because they don't have the training that is essential in short
sales. Short sales take a precise and delicate system that requires care
and expertise.
Look for an agent that has a short sale designation and has closed at
least 10 short sale listings in the last 12 months.
Duffy Realty – Your Competitive Edge
Copyright 2011

11. Duffy Realty's Short Sale Division
● Rhonda Duffy is the ONLY
Certified Elite CDRS
specialist for short sales in
the State of Georgia.
● She closes short sales on
a regular basis and
understands the trends of
lenders
Duffy Realty – Your Competitive Edge
Copyright 2011

12. When You Need Help
Call us as soon as you get a inkling that you need to do a
short sale. Time is precious in this transaction.
You can view more about short sales at
www.DuffyRealtyofAtlanta.com
678-366-7846
Duffy Realty – Your Competitive Edge
Copyright 2011