Houston TX – The Stop Foreclosure Institute recently received a question from Tawny. Here is Tawny’s Question.

“I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in savings and pretty much live paycheck to paycheck. Tawny.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here is the answer to Tawny’s Question: A Short Sale doesn’t cost the homeowner any money. All of the costs are paid for by the homeowner’s lender.

Now, I’m sure you are asking, “The bank is losing money on the short sale. They wouldn’t want to have to pay to sell the property.”

Many people also think this. After all, it makes sense logically. But, it’s actually not the case.

Banks have been lending money for centuries. They have learned from past experience that a short sale is a good way to cut their losses.

In fact, a recent study by the Boston Consulting Group actually showed that a short sale reduced a lender’s losses by 20%, compared to a foreclosure.

After a lender forecloses on a property they put it up for sale. They have to hire and pay a real estate agent and all the other related costs.

Why not pay those costs on a short sale and cut their losses by 20%? It’s a good business decision. And that’s why a short sale doesn’t cost the homeowner anything.

Your lender covers all the cost including the real estate agent, title fees, and other closing costs. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at soldbymichelle@gmail.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 (832) 413-1914

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Houston 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, Michelle Gonzales.

Michelle is a Real Estate Agent at RE/MAX 360. Houston Short Sales Realtor:

Phone: (832) 413-1914. soldbymichelle@gmail.com.

“Educating the Homeowner, One by One!”

View My homes for sale at www.yourhoustonhomesource.com
for older blog posts: www.houstonshortsalesagent.com

Michelle Gonzales specializes in loan modification assistance and short sales in Houston Texas. Houston Loan Modification Help, Houston Short Sales. Houston Short Sale Realtor , Short Sale Realtor. Houston TX Short Sales. Houston Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Michelle Gonzales’s personal views and do not reflect the views of RE/MAX 360.

This information on How Much Do You Charge For A Short Sale in Houston? is provided as a courtesy to our viewers to help them make informed decisions.