Lisa Sevajian Group
Case studies · Sellers · Andover MA · 2011
What Is a Short Sale Like in Andover MA, and Can You Get Through It?
The quick answer: Yes, you can. In 2011, sellers in Andover MA got through a short sale with Lisa Sevajian. They called it complicated, time consuming and sometimes stressful. What got them through was knowing what came next and hearing from her at every step until closing.
Some wins look like a big number. Some wins look like sleeping through the night.
You owe more than the house is worth, or you've fallen behind. You feel embarrassed, and you don't know who to tell.
If you're in that spot, you aren't alone, and you aren't the first. Here's how one family got through it.
What was the situation?
In 2011, sellers in Andover MA were selling their home as a short sale. A short sale is when the lender agrees to take less than what's owed on the mortgage so the home can sell.
What made it hard?
A short sale has an extra party: the lender. The lender has to approve the price, the buyer and the terms. That adds paperwork, waiting and worry.
How do I help in a move like this?
In a short sale you need someone who knows the steps and tells you where you are every week. I keep the lender, the buyer and the attorney moving, and I tell you plainly what's next.
If you're behind on your mortgage today, talk to a housing counselor and an attorney first. Your options may include more than a sale.
What happened?
The short sale closed. The sellers said I brought a wealth of knowledge, worked with tremendous professionalism and kept them well informed at every step.
“I don't know how we could have gotten through this without her.”
A seller in Andover MA, Zillow review, 2011
What does this mean for you?
A hard sale is still a sale with steps. Knowing the next one makes it lighter.
If you've been searching "behind on my mortgage in Massachusetts what are my options," start with a free HUD-approved housing counselor.
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About Lisa Sevajian
Buying, Lisa Sevajian makes sure you don't overpay. Selling, she makes sure you don't say yes to too little. Lisa Sevajian is a Realtor with the Lisa Sevajian Group at eXp Realty. The Lisa Sevajian Group is licensed in Massachusetts and New Hampshire. She has guided almost 2,000 families through buying and selling and has ranked in the top 1.5% of over 1.4 million Realtors nationwide, verified by RealTrends. She serves Amesbury MA, Andover MA, North Andover MA, Newburyport MA, Haverhill MA, Methuen MA, Salisbury MA, Boxford MA, Topsfield MA, Georgetown MA, Groveland MA, Tewksbury MA, Wilmington MA, Reading MA, North Reading MA, Middleton MA, Danvers MA, Salem MA, Peabody MA, Windham NH, Salem NH, Londonderry NH, Derry NH, Pelham NH, Plaistow NH, Nashua NH, Manchester NH, Atkinson NH, Hampton NH and Portsmouth NH. Call or text Lisa Sevajian at 978-457-3406.
Questions people ask
What is a short sale in Massachusetts?
It's a sale where the lender agrees to accept less than what's owed on the mortgage. The lender must approve the price and terms.
How long does a short sale take?
Longer than a regular sale, because the lender has to approve it. Plan for extra weeks or months.
Can I do a short sale in Andover MA if I'm behind on payments?
Possibly. Talk to your lender, a housing counselor and an attorney to learn your options first.
Does a short sale hurt my credit?
Usually, yes, though often less than a foreclosure. Ask a credit counselor how it would affect you.
Who pays the Realtor in a short sale?
It's usually paid from the sale and approved by the lender as part of the deal. Your attorney can explain your terms.
Sources
Client stories are shared without names. Every detail comes from the client's own published review.
This is general information, not legal, tax or lending advice. Check with your attorney, lender and CPA before you decide.
I'll guide you home.
Lisa Sevajian