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Short Sale Buyers:

If you are looking to buy real estate at a low short sale price it is important to be prepared and act quickly to obtain a great property at a great short sales price. New properties are coming on the market every day and the competition for the best properties is strong. Contact me for a "The Buyers Short Sale Preparation Check List". This will help you avoid common mistakes and the costly pitfalls of shopping for short sale properties. 

Short Sale Sellers:

Do you owe more than your home is currently worth and you need to sell your home? If so a real estate short sale may be the service you need.

What is Short Sale?

A real estate short sale is when you owe more than your properties

currently value but you need to sell. In a typical situation, your

mortgage lenders would require you to come in with the difference

in the amount owed. A real estate short sale is where we negotiate

with you lenders to accept a pay-off that is less than you currently

owe and you do not have to pay the difference.

What is Required for a Real Estate Short Sale?

In order for us to get a real estate short sale accepted for you, we

first must list your home for sale. During the listing period, you will

need to provide the following documents to us so that we may

package a real estate short sale request to your existing mortgage

lenders.

Documents required for Real Estate Short Sale

 Please gather the following:

With these documents we create a package as to why you require a real estate short sale and submit this to the appropriate department at your lender, once we have an accepted purchase offer for your home.

 Who can Qualify for a Real Estate Short Sale?

 Typically, the mortgage lenders will only accept a real estate short

sale if you are at least one month behind on your mortgage

payments, have a ready and willing buyer and you are unable to

debt service all of your existing liabilities.Also, if you financial

situation has changed and you are currently making less money

than before and you have no more savings, you most likely qualify

for a real estate short sale. This is the reason why we need to

above documents to paint a clear financial picture of your current

situation.

Do You need a real estate short sale?

If you owe more than your home is worth you need to sell your

home, please contact us regarding our short sale services. Contact

us via email with any questions regarding a real estate short sale or

by phone at: (619) 251-0250, Mon-Fri. 9:00am - 5:00pm.