Somerset Bellevue Short Sales For Sale

A short sale in Bellevue has become an increasingly important component of our overall market. Time frames for completion of the Somerset short sale purchase process are shrinking rapidly in many cases. The major banks like Bank of america, Chase and Wells Fargo 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 Somerset Bellevue WA

A short sale in Somerset Bellevue has become more common due to the continuing mortgage crisis. Many Bellevue 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.

Somerset Bellevue Short Sale Real Estate Agents

As experienced Bellevue short sale agents, 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 Somerset, Bellevue provide buyers with an opportunity to take advantage of pricing on par with Bellevue foreclosures / REO (Bank Owned) while avoiding some of the more intense case based competition that exists in the Bellevue foreclosure market.

Somerset Bellevue Real Estate


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

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Belllevue Short Sale Real Estate Agents




Call us at (425) 998-6004

Somerset Bellevue Condominiums

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.

Bank of America Short Sale

bank of america short sale bellevue
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.

Somerset Bellevue Real Estate

In addition to homes for sale in Somerset, Bellevue, here you'll also find a comprehensive Bellevue school report, full Bellevue demographics, and Bellevue short sale real estate insights second to none. Please feel free to browse our site to learn about Bellevue short sale process and guidelines.

Bellevue Neighborhoods

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

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

Contact Us

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

short sales Somerset Bellevue