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EXPECT NOTHING BUT THE BEST FROM CHERRI' HILL....
An outstanding Realtor, who provides the ultimate in professional turn-key real estate services, with a true personal touch.
Her constant attention to detail, genuine care for her clients & vast market expertise, have paved the way to her success, and has made her an accomplished real estate agent, who has been ranked as the #1 Century 21 agent in the area for over 14 years!
ALLOW CHERRI' TO PROVIDE YOU GREAT INFORMATION ON TEMPLE, BELTON, AND BELL COUNTY, TEXAS REAL ESTATE.
 Looking for homes? Need local real estate information? I've summarized much of what is important about the Temple, Belton and Bell County area real estate market in this site. Search everything the web has to offer, right here! Buying and selling a home is one of the biggest events of your life. I have the experience and knowledge you are looking for. Listening to your needs and carrying you through the home sales process quickly and stress free with true professionalism. That's what I do. I put myself in your shoes. My job is to find your dream home or to sell your existing home, to keep you informed constantly, present you with all your options, and to illustrate & facilitate the closing process. My job isn't complete until you are another satisfied customer! Whether buying or selling a home, contact me with confidence, and allow me to be YOUR real estate agent. As your trusted real estate professional, I will help you find "A place to call home, not just an address".
Cherri Hill, Your Neighborhood Realtor
Century 21 Gail Roe & Associates
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Short Sales >1. What Is a Short Sale? A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
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| Q |
What is the only land in the world that has not been walked on by human feet?
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| A |
A small 200 square-mile section of Antarctica is the only terrain on Earth that not one person has stepped foot on.
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 See More Real Estate Trivia > |
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NUMBER1EXPERT®
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