The #1 Short Sale Certified Specialists
100% Success Rate!
Here are few homes we have recently Short Sold or are currently in Negotiations!
What is a Real
Estate Short Sale?
A Real Estate Short Sale is described as selling your home for less than
what is owed (todays market value).
In a
successfully negotiated Short Sale you will be able to sell your home at todays
market value and have the remaining debt forgiven by the bank.
Who We Are:
We are a Team of Real Estate Professionals dedicated to helping homeowners avoid foreclosure and save their credit. In this market you need to make sure you are working with a Team of Real Estate Professionals who have the experience, the results and the knowledge to guide you through this process and to ensure that you get the best results.
We have over 10 years of experience and a 100% success rate in getting our Short Sales approved and closed. We have worked with many banks and servicing companies in the industry and know the Tricks and techniques to get your Short Sale Approved Faster and with the least amount of headaches.
Don’t leave Your Short Sale to just any Real Estate Agent, most Agents dont know how to properly negotiate a Short Sale leaving you with potentially Costly mistakes and errors!
Dont Trust Just anyone! Call the Team with a 100% Success Rate!
Call 909-657-8441 NOW for your FREE CONSULTATION!
or Contact Us Today
Don’t Foreclosure on your home, this is the worst option you can pick as a homeowner. Fannie may has publicized that it will be “increasing penalties to homeowners who walk away from there home and do nothing!”. Click on this link for more information http://fanniemae.com/newsreleases/2010/5071.jhtml
Top 7 Reasons to Short Sale:
1. You can receive up to $3,000 from your mortgage company for relocation costs!
2. Absolutey No Cost To Short Sale Your Home, the mortgage company pays all costs!
All short sales are sold as-is, meaning you won't have to bother spending time and money on tedious home repairs. Your lender also pays for all commissions and closing costs that are associated with the short sale of the home so there are 0 costs for a short sale!
3. Your credit damage is minimized!
A short sale will have a recoverable impact of 30-80 points on one's credit, compared to the devastating effect of 250-350 points a foreclosure has on a credit score.
4. You can buy another home much sooner than if you choose to Foreclosure!
Fannie Mae announced that they will allow homeowners who short sold their home to buy another in as little as 2 years and with some lenders even as little as 1 day after short sale.
5. Your Mortgage Company will release any rights to come after you for the remaining balance of the loan!
In a successfully negotiated Short Sale the bank will forgive the remaining balance on your mortgage.
(Also see Mortgage Debt Foregiveness Act and Bill SB 401).
6. You can possibly save money and pay less taxes!
The Mortgage Foregiveness Debt Relief Act of 2007 allows short sale homeonwers to not be taxed on the difference (in most cases) between their loan amont and the short sale price. Visit http://www.irs.gov/individuals/article/0,,id=179414,00.html for further info.
7. You'll have an easier time finding a nice place to rent!
If you choose to rent, a foreclosure and/ or eviction are red flags for landlords that will make it very difficult for you to find a place to live in the future. However, while a short sale is being negotiated, homeowners have many more options and can easily select a new place to live at their leisure.
Call 909-657-8441 NOW for your FREE CONSULTATION!
or Contact Us Today
Here are some commonly asked questions:
Q: My lawyer or friends have told me to just walk away and do nothing with my property, should I take their advice?
A: ABSOLUTELY NOT! This is the worst thing you can do. Not only are you setting your self up for legal issues in the future, but there are many more issues that can arise from this. Fannie Mae has recently passed guidelines that will penalize borrowers who just "walk away" and do nothing. Please see link for more details http://fanniemae.com/newsreleases/2010/5071.jhtml
Q: How much will a Short Sale cost me?
A: There are no costs to the seller in a Short Sale. We negotiate with the banks to pay all commissions and fees that are associated with the Short Sale. The reason why the banks are willing to pay for all this is because it is cheaper to Short Sale the property then to foreclose.
Q: Will I owe anything on the difference of the mortgage when the short sale is closed?
A: No, (in most cases) If it is your primary residence and the amount is less than $2 million then you would most likely fall under the Mortgage Forgiveness Debt Relief Act of 2007. Please click on this link for further information to see if you qualify http://www.irs.gov/individuals/article/0,,id=179414,00.html
Q: Will a Bankruptcy prevent a foreclosure?
A: In most cases NO, a Ch. 7 Bankruptcy will only delay the foreclosure process, as soon as your bankruptcy discharges the bank will continue the foreclosure process. So not only will you have a BK crippling your credit you will also have a Foreclosure, if you choose not to do anything with the property after a BK. This could prevent you from buying another home for up to 10 years! ( not intended to give legal advice please seek the advice of a licensed attorney for more clarification on this subject).
Q: I just received a Notice of Trustee sale, Do I have time to do anything?
A: Yes, in a Non-Judicial Foreclosure (California is Non-Judicial) you have a minimum of 21 days before the bank is allowed to sell your property. While this seems like little time, there is still time to extend the sale date to allow the property to be sold.
Q: I just received a Notice of Default, how much time do I have left?
A: In a Non-Judicial Foreclosure you legally have 90 days before the bank files a Notice of Trustee sale, after the N.O.T.S has been filed you have an additional 21 days before they can sell the property at auction.
Q: How will a Short Sale show on my Credit Report?
A: In a successful Short Sale your lender will report the sale as either:
1. Paid in full - paid as agreed
2. Paid - settled
3. Paid - unrated
Important: it is the job of the agent to ensure that the lender reports the correct status on your credit report.
Q: Can I use any agent to Short Sale my home?
A: No, it is important to select an agent who is very familiar with the process of a Short Sale and is familiar with the laws and how they can affect you in the process. There can be many different avenues in a Short Sale that can negatively effect you long after the sale is complete. This is why it is important to select the right agent.
Call 909-657-8441 NOW for your FREE CONSULTATION!
or Contact Us Today