WIll I Have To Pay Closing Fees Associated With My Short Sale

Posted on Jul 12, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone Mark Peek here with the Peek Real Estate Group, your Roseville and Sacramento short sale specialists, thank you for checking out my blog today. I work with Keller Williams Realty in the Roseville and Sacramento area and use my blog to share valuable information with distressed property owners on their options for avoiding foreclosure. If you are behind on your mortgage or not sure what to do with your distressed property fill out the contact form on my website or call me today to learn more about all of your real estate options.

Today I wanted to talk with you about a short sale closing and what to expect as a seller. I wanted to talk about this because often times when completing a short sale I get asked questions about who is responsible for any closing costs or fees associated with the real estate transaction. On a short sale contract there is a separate page that lists what the buyer or seller will pay in regards to escrow fees, inspections, and city transfer fees. Often these fees are listed as being paid by the seller but you need not worry because this not usually the case. Since this a short sale and not an equity sale any fees or payments associated with the closing must be approved by the lender of the initial mortgage. Part of the negotiation process while working with your lender is making sure those fees are covered by the bank from the proceeds of the home sale. Every Roseville and Sacramento short sale I take on is with the goal of selling your home with absolutely zero out of pocket costs and all deficiencies waived.

Don’t let the concern of expensive closing costs or escrow fees stop you from getting our from under your distressed property. Give me a call today or fill out the contact form on my website to discuss your unique real estate situation and how I can help you avoid foreclosure. Thank you for your time today and I hope to hear from you soon at Keller Williams Realty in Roseville and Sacramento.

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