How to Prepare for a Short Sale

Memphis Real Estate Podcast with Rita Driver

Experts say that another wave of short sales is heading for the real estate market. Today, Tammy Leeth and I go over a few ways that we can help you through this process.
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Today I’m joined by Tammy Leeth, who has worked with me for several years now. We want to talk to you about short sales. Our market is starting to move and experts are predicting another wave of short sale properties.

We don’t want to see anyone go to foreclosure. We are here to help you.

If you do need to have a short sale, we will need your bank statements from the last two weeks as well as your pay stubs. We will also need a letter of hardship. This can be a handwritten letter that describes your financial situation. Whether you have lost your job, someone in your family is ill, or something else has happened, simply write down what the situation of the financial hardship is and why you need to short sale your property.

Now, even though it’s called a short sale, this is not a short process. Short sales can actually take a long time. However, we are working to minimize the damage to your credit through a short sale. We are here to help you and your family through this situation so that you can take care of them without worrying about your mortgage company kicking you out of your house.

We are here to help you and your family through this process.

The sooner you get in touch with us, the better opportunity we have to assist you.

If you get a short sale, you will be able to purchase a home sooner than you would if you had a foreclosure. Foreclosures really damage your credit. We want to help you through the short sale process and help you figure out what you need to do to rebuild your credit so that you can buy a home sometime down the road. You won’t have to wait eight years like you would with a foreclosure.

We are working to help you with your future. Let us know if you have run into any hardship or if you are having trouble paying your mortgage. We can also help you if you have been relocated. It has been our honor to help military personnel, law enforcement officers, and more relocate.

If you have any other questions or would like to learn more about the foreclosure process, please don’t hesitate to give us a call. You can reach Tammy at 901-387-1199 or send an email to [e-mail]. We would be happy to help you.