Hello I am Matt Fetick with Sold by Short Sale, Philadelphia’s leading short sale specialist, thank you so much for joining me today. Today I wanted to talk about one of the most common questions I get from people in the Philadelphia area. Normally one of the first questions I get asked is, “How much will I owe if I should decide to do a short sale?” Out of all the foreclosure prevention possibilities, including bankruptcy and deed in lieu in foreclosure, short sales is one of the few options where you will know what you owe at closing. When we receive your short sale approval letter we will know whether or not your bank is accepting the short sale as payment in full or if they will want additional funds after the closing. This decision is generally affected by how much is owed on the property and how many mortgages, or liens, the individual has. In a foreclosure, even after the bank has sued you and taken the house they still have the ability to come after you for the balance owed but not with a short sale. Our team has a great short sale track record and ninety percent of our short sales have been accepted as payment in full. If you have questions about short sales please visit my website or contact me today. Our team is here to help you get out from under your debt. Thank you for tuning in to Philadelphia’s leading short sale specialist and have a great day.