When a homeowner experiences financial challenges and cannot make their mortgage payment, there are several options. These include:
1. Sell the Home
If there is remaining equity, the property may be listed for full market value and the proceeds may be used to pay off the bank in full.
2. Short Sale the Home
A Short Sale occurs when the property sells for less than the balance owed. If structured properly, the lender may accept the sale proceeds as full satisfaction of the loan.
Join us when WRG Broker Gregg Watkins covers:
- NODs and NTSs
- How to Find Short Sale Candidates
- The Short Sale Process
Don’t miss this opportunity to gain valuable knowledge!
Agenda
6:00 Arrival
6:10 Opening remarks
6:15 Speaker with Q and A
7:00 Market Update
7:05 Agent Roundtable
About the Speaker:
Gregg Watkins has a 20-year profile of success as a licensed Real Estate Broker, Investor and Educator. He has negotiated hundreds of real estate transactions, including real estate investments, traditional sales, short sales, probate sales, and trust sales.
During the Mortgage crisis, Gregg worked with many banks and held workshops on mortgage default options, including Short Sales.