Featured Properties

Tuesday, December 28, 2010

Considering Listing as a Short Sale?

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Monday, December 27, 2010

6 Tips for Buying a Short Sale

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Thursday, October 21, 2010

Purchase a Home and Put Money away for Kids College!

Now when you buy or sell a home through a participating ERA® office, you can get up to
$3,000 of your home’s sale price as college savings in your Upromise account.* And
that’s not all. ERA Real Estate is one of hundreds of Upromise contributing companies — all
waiting to contribute a portion of what you spend with them into a Upromise account for
your child, grandchild, or any future college student you would like to support.

This is just one way to help witht he ever increasing funds for college. If you want to know more about this program contact me at 757-343-7783 or at cheryl.turnbull@era.com. I will be glad to walk you through the process.

Tuesday, October 5, 2010

Are Short Sales Really Short?

In the past, as a buyers agent, I would steer my clients away from short sales. Why? Because they were not what the term signifies..."short." I found that many of the listing agents didn't understand the process and my clients would get discouraged because it was taking so long. Some would decide to withdraw their offer.

Due to the way the economy is at this time, there are many homeowners desperate to sell their home to avoid foreclosure. The homeowner owes more on their mortgage than what the home is worth. They have to do something. That is where I have decided to assist. Since I was on the other side of the transaction as a buyers agent, I understand the frustrations that occur. It is my desire to assist the agent or the buyer with the sale and purchase of a home with the least amount of frustration. Our team of negotiators work directly with the homeowner and the lender to make sure the transaction is as smooth as possible.

If you are an agent that has a buyer, don't avoid short sale listings. There are good deals out there if you are willing to work with the client through the process. It doesn't have to be frustrating on your part as long as you have open communication from the start.

As always, if you have questions do not hesitate to contact me at cheryl@thecharlesgrp.com or 757-343-7783.

Wednesday, September 29, 2010

Links to listings in Hampton Roads

These properties are sold "as is" "where is". They are short sales negotiated by a professional team assisting in getting the best price for the buyer and seller. They will work with the lender all the way to closing.


If you are interested in any of these properties give me a call at 757-343-7783 or email me at cheryl@thecharlesgrp.com

What are the Qualifications for a Short Sale?

The main qualification is that you are in some type of "financial hardship". This can include: loss of employment or income, divorce or separation, relocation or job transfer, major illness and medical expenses, or high dollar repairs without the resources to make them, or increased bills or living expenses. A good rule of thumb is that a short sale is not for those that "want" to sell, but only for those that "have" to sell. You typically must prove your inability to pay, however many lenders have become more lenient lately and will make acceptations sometimes for homeowners who are not even in hardship.

As a Realtor I will talk with you and help you to understand the options you have, so you can make a decision on which option is best for you.

Thursday, September 23, 2010

Why is it to My Advantage to Short Sale?

A foreclosure can impact your credit far more, especially in the long term. In fact, some banks don't report a short sale. In addition, in the event of a foreclosure, in many states the lender will seek a deficiency judgment in the amount you owe. They could even come after other properties and assets of yours, including vehicles. Your credit could recover from a short sale in less than two years, where as a foreclosure or bankruptcy can take 7-10 years.