Understanding Short Sale

What is a Short Sale?

 According to Wikipedia, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. It can be a solution for the home owner and the lender. Borrowers get relieved from their mortgage debt and their credit may not be as adversely affected as in a foreclosure or bankruptcy

What are the Benefits of a Short Sale?

When a Short Sale is achieved. there will not be a foreclosure. A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years.

Can investment properties be short sold?
Absolutely. Any type of property can be sold through a short sale.

Not Sure If You Qualify For a Short Sale? Do You

· Owe more on your property than what you could sell it for, especially after
real estate commission, closing costs, late payments, interest, etc?

· Have difficulty covering your expenses each month?

· Not have money in the bank to cover the difference of what you could sell
your house for and what you owe the bank?

Are You Having Trouble Making The Payments? Are You

· Feeling the stress mounting with each missed payment and phone call from your bank?

· Borrowing money from other sources to pay your mortgage?

· Getting confused as to what your options are at this point?

What is the cost for you to conduct a short sale?

There is never an out of pocket fee to us, and we only make money when we successfully short sale your property. Please call us today to better understand your current situation and options at (909) 816-7411.

Foreclosure Sale Date Approaching?

It’s best to allow yourself as much time as possible to short sale your property. We understand that defaulting on your mortgage is a difficult situation. Deciding to be proactive and attempting to resolve your situation is the first step of the process. As your Realtor, I am here to help you with the negotiation of your short sale. With my knowledge and experience in Short Sale I am confident that I can help you overcome these tough times. Don't give up!

CALL JANE SANTIAGO, SHORT SALE SPECIALIST FOR A FREE CONSULTATION TODAY! (909) 816-7411 

 

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