Short Sales

We are proud to say that we are Short Sale Specialists.  Not just anyone can close a short sale escrow, or at least close a short sale escrow the "RIGHT" way, and by the "RIGHT" way, we mean with little to no stress to you, the seller, allowing you the freedom and peace of mind that you are being taken care of by a true professional in their field.

We have taken the initative and time to attend the Harris Real Estate University, a 12 month course with continuing education, so that we can be better educated and of better service to the seller who is in the need of a short sale.  By completing the 12 month course, we are now Certified to do short sales, and have the honor of being given the title of Foreclosure Prevention Consultants, taking our experience and knowledge to the next level.

What is a short sale?  It is basically just a different type of home sale.  It can be where you owe more money on the home than it is worth.  In normal situations, you would not be able to sell the property and pay off the mortgage holders, so most people feel there is no other solution but to walk away and let the lender foreclose.  Well, in a short sale, we list your property for what we think the fair market value is at the time of the listing.  We market the property as we would any other property.  Once an offer is obtained, we then forward that offer to the lender, along with other necessary documentation, and request that a short sale be approved.  This process usually takes about 90 days from date of offer.  Once the lender approves the short sale, the contract is then put into escrow and the process is handled pretty much like a normal escrow, with the exception that the proceeds go to the lender, not the seller.

Some advantages to doing a short sale versus foreclosure is that it saves your credit.  It shows the lender you are making every effort to sale your home and not just "walk away".  Another advantage is there is NO COST to you, the seller.  The bank pays for commissions, and all fees.  Also, while the short sale process is taking place, you are able to remain in the home until the short sale is complete, giving you ample time to plan for your next move.

Who qualifies for a Short Sale?  Anyone who is currently late on their mortgage payments, anyone who has tried to do a loan modification with no success, anyone who is currently in a notice of default situation or has a trustee sale date.  If this sounds like you, call us today!  We are here to help.

So as you can see, there are many advantages to doing a short sale and there are many circumstances that may lead to doing a short sale, but whatever the case may be, Do Not Delay!  For more information and details, call Rose Marie Moreland at 661-201-0299 for Kern County and 805-709-2109 for Central Coast.