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Short Sales

Welcome >Short Sales ...

Short Sales in the Dallas-Fort Worth Area: Work with a Realtor You Can Trust…

If you are a struggling homeowner who is behind on their mortgage payments or “underwater” on your mortgage—owing more on your loan that what your home is actually worth—you may want to consider the possibility of a short sale. A short sale is an agreement between you and your lender to sell your home at its fair market value, even if that amount is less than what you owe on your mortgage. The basic steps of a short sale are as follows:
You sell your home for less than what you owe on your loan

Your lender accepts that amount as payment on your loan
You avoid foreclosure but do not receive any funds from the sale
Your lender does not report a foreclosure to the credit bureaus

When you are facing difficult possibilities like foreclosure and bankruptcy, short sale may be your best chance to sell your home and get a fresh start. The Don Lawyer Team is a full service real estate team with special expertise in handing short sale transactions. We can show you the ways a short sale may be able to:
Preserve your credit standing

Help you sell your home without you having to pay anything out-of-pocket
Possibly be eligible to buy another home much sooner than if you have a foreclosure on your record
Release you from your mortgage obligation
Relieve financial and emotional stress
Avoid foreclosure and/or bankruptcy

Short sales are a very popular way to avoid a foreclosure due to a job relocation, unemployment, divorce, medical bills, and adjustable rate mortgages (ARMs) that have reset to a much higher monthly payment.

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Real Estate Tips

Investment Real Estate >Renting Your Home

Homeowners who don't need the equity from their home to purchase a new home may consider renting it instead of selling. Rental property is almost always a good investment, but you should understand the consequences of becoming a landlord.

Tenants may not share your pride of ownership and, therefore, may not maintain the property like you would. If you plan to rent your property, acquaint yourself with state or local landlord/tenant laws, including those dealing with rent control and eviction procedures. If the home you rent has been your primary residence, you could lose the benefits of a capital gains deferral when you sell it later. Get professional advice from a tax expert and a professional real estate agent before you decide to turn your home into rental property.

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Real Estate Trivia

Q	What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
A	Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
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The Don Lawyer Real Estate Team, REALTORŽ, real estate agent and broker for Arlington, Mansfield and Kennedale, Texas home listings, property and land for sale - NUMBER1EXPERT

The Don Lawyer Real Estate Team
Keller Williams Realty
1301 South Bowen Road, Suite 125
Arlington, TX 76013
Office: 817-213-6510
Toll Free: 1-877-515-9089
Fax: 817-764-0482
Email: donlawyer@NUMBER1EXPERT.com
Email: realestatebyjoyce@gmail.com
As Tarrant County's top real estate agents, Don Lawyer and his team have made a name for themselves by providing exceptional service and expert advice. With over two decades of experience and expertise, members of The Don Lawyer Team are proven performers. If you desire the very best in personalized service, you will appreciate the reassurance of knowing there is someone to take your call if you have a question. The Don Lawyer Team stays in touch with their clients, and they do the little things right. Call or email them today!

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