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Wednesday, July 11, 2012

Veterans And Short Sales

Whether you are are wanting to buy a home in Memphis or are struggling to pay your mortgage, the short sale process may provide a solution, but at the same time may be difficult to understand. To help you navigate this process, you should contact the Carstensen Team. Our real estate professionals can help you, as a veteran understand what you need to do.

A short sale is basically the sale of a home for less than is owed on the property. This has become more common in recent years since buyers purchased properties when prices were high, and the values of those properties have since decreased. The short sale process is often long, and it is important to find a real estate expert that understands it thoroughly - that's where the Carstensen Team can help. Since property prices in Memphis have not dropped as much as in other areas of the nation, the amount of short sale properties for sale in the area are fewer - luckily, our experienced real estate agents can find them for you.

To qualify for a VA loan you must have a minimum of 181 days of regular active-duty service and have been honorably discharged from the military. You can complete an eligibility form from the Veterans Administration and once you have been issued a Certificate of Eligibility, you'll want to contact the Carstensen Team to help you find short sale properties that can afford you the best deal possible. With our in-depth experience in the local marketplace, we'll find you houses in neighborhoods such as high-end Germantown and Harbortown, family-oriented Cordova, small towns Lakeland and Arlington and other popular areas including Bartlett, Collierville, East Memphis and Midtown.

The advantages of a VA loan mean that you do not need a down payment to buy a home in Memphis and that you may also get a mortgage rate lower than the current mortgage market rate. You'll also have quick approval, reduced closing costs, and a choice of flexible repayment plans.


If you have a mortgage that is guaranteed by the Department of Veterans Affairs, and you are experiencing financial hardship that means you cannot make your mortgage payments, you can avoid foreclosure by selling your property as a short sale. The VA may allow you to do this, when you cannot sell your property for the amount you owe on your mortgage loan. You must first contact the VA to get permission to sell your property as a short sale, and then contact the experts at the Carstensen Team at their website for the professional help you need to sell your house efficiently and for as much as possible.

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