Mercer Island Short Sales For Sale

A Mercer Island Short Sale has become an increasingly important component of our overall market. Time frames for completion of the Mercer Island short sale purchase process are shrinking rapidly in many cases. The major bank have jumped on board the short sale train as a superior alternative to foreclosure in terms of both fees and costs. In addition, the Bellevue short sale process allows the banks to mitigate the significant issues of extended vacancy and property rehabilitation.

Short Sale in Mercer Island WA

Short sales in Mercer Island have become more common due to the continuing mortgage crisis. Many homes that were purchased for outrageous sums several years ago when the market was good are now worth only a fraction of what was paid for them. Also, a lot of buyers got into adjustable rate mortgages at that time. These mortgages were attractive at first, with low interest rates, but those rates went up drastically after a few years, increasing monthly payments beyond what the owners could afford. Many owners need a way out now without taking too severe of a hit to their credit, and a short sale is a good option. For bargain hunters in a position to buy, it’s like the gold rush all over again.

Mercer Island Short Sale Real Estate Agents

As experienced Mercer Island short sale agents, negotiator and attorney, our opportunity to negotiate a successful transaction on your behalf within 90-120 days has increased dramatically. Under the old system, a short sale negotiation could easily have taken 4-6 months. Short sale real estate in Mercer Island provide buyers with an opportunity to take advantage of pricing on par with Mercer Island foreclosures / REO (Bank Owned) while avoiding some of the more intense case based competition that exists in the Mercer Island foreclosure market.

Mercer Island Homes For Sale

#1 Mercer Island Short Sale Team

"Either Selling or Buying Short Sales,
You need a right Short Sale Specialist."

Our Short Sale Realtors Can Help!

Mercer Island Short Sale Agents




Call us at (425) 998-6004


What is a Short Sale?

A short sale on a house occurs when the homeowner sells their home for less than the amount owed on the mortgage and the bank or financial institution forgives the rest of the debt.

Typically, the lender agrees to accept the sales proceeds for release of the mortgage lien on the home even though the sales price is less than the total outstanding mortgage. This allows the homeowner an opportunity to sell the home to avoid foreclosure.

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Bank of America Short Sale

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If you want to sell your house but it’s worth less than the amount remaining on the mortgage, a short sale may allow you to sell your house and settle your mortgage debt. By completing a short sale rather than allowing your house to go through foreclosure, you avoid eviction and your house will not be sold at a public sale or auction. Plus, depending on your circumstances, you could qualify for financial assistance to help with relocation costs.

Mercer Island Real Estate

In addition to Mercer Island homes for sale, here you'll also find a comprehensive Mercer Island School Report, full demographics, and Mercer Island short sale real estate insights second to none. Please feel free to browse the site to learn about Mercer Island short sales, real estate and waterview homes for sale.

Mercer Island Neighborhoods

It is very important for you to know the ins and outs of Mercer Island you will be moving to. When you're making a decision to move, you want to work with the Mercer Island real estate agents who have extensive knowledge of the area and can help you and your family prepare for life in Mercer Island. Learn about the local school system, access to mass transit, and quality of life in Mercer Island, Washington.

Mercer Island Short Sale is your best Mercer Island short sale real estate resource. You can search every available waterview Mercer Island homes for sale. As of today there are many bank foreclosures and short sale homes for sale in Mercer Island. The number of homes updates daily, so be sure to keep coming back right to the best website for searching Mercer Island condos and houses for sale.

Contact Us

Keller Williams Mercer Island Short Sale
505 - 106th Ave NE Suite 210
Bellevue, Washington 98004
Phone: 425.998.6004
Fax: 425.454.4577

short sale homes Mercer Island