16 Jul Sale-Leasebacks for stuggling homeowners on the rise – Short Sales

According to a recent Wall Street Journal article by Jilian Mincer, the often used commercial real estate “sale-leaseback” agreement is becoming more popular with homeowners struggling to pay the mortgage.

As the housing market continues to decline in many areas, decreasing home values are putting many sellers and property owners in a difficult situation when the amount of their mortgage, or mortgages in many cases, is greater than the fair market value of their home.

There are ways to avoid foreclosure if you should find yourself in this position. In some situations, the bank who holds your loan will agree to renegotiate the terms of the mortgage so you can make your monthly payments. In most cases, however, the best solution is to try and negotiate a short sale with bank where the bank literally agrees to take an amount that is short of what their owed in lieu of foreclosure.

As discussed in the recent WSJ.com article, the full article can be accessed here, it is possible to negotiate a sale-leaseback with an investor to avoid having to move out of your home.

If you or some one you know is having difficult selling their home, paying the mortgage, or negotiating a short sale, please call The Anderson Group. With over 25 years experience in the real estate industry, we will sit down with you and figure out the best solution to your real estate problems. Confidentiality is a guarantee.

For more information, please contact Tom Anderson at 404-277-9581 or tom@tagatlanta.com