Navigating a Short Sale
Trying to sell your home when you are upside down can be very intimidating when it doesn't have to be! With Coldwell Banker's experience and expertise, we can help!
Our goal is not simply to sell your house, but to help you avoid foreclosure or bankruptcy and save your credit in the shortest period of time. We can achieve this goal by:
Understanding a Short Sale
A Short Sale is when a lender is willing to accept less than what is owned on outstanding debts against real property. A short sale is a way for a homeowner to avoid foreclosure and still be able to pay off the bank in a settlement agreement.
A Short Sale is a win-win solution for the homeowner and the lender. The lender gets the highest price at fair market value. The borrowers get their credit restored and generally get relief from possible future legal actions and deficiency judgments.
The end result is your home is sold, the mortgage is satisfied (paid off) and you avoid a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, your credit rating will almost immediately improve because your credit report shows that your mortgage was paid as agreed.
Benefits of a Short Sale
Through the short sale process, we can:
- Sell your home quickly at the highest price
- Make sure the lender pays absolutely ALL commissions & closing costs
- Avoid foreclosure & bankruptcy
- Protect your credit
-
Control future costs
- If your home is sold at auction, you may owe deficiencies and other expenses to the lender. Under most short sales we negotiate, the homeowner will be relieved of this possible future headache.
When a Short Sale is achieved, there will not be a foreclosure. A foreclosure or bankruptcy damages credit up to 7 years. You can buy again within the next 24 months.
A short sale actually saves your credit. It is treated by your lender as a "settlement of a debt", and as opposed to a foreclosure or a bankruptcy, it is infinitely easier on your credit.
Express Your Hardship in a Complete "Picture"
One of the biggest challenges of a short sale is recognizing your hardship and being able to get the lender(s) to see that hardship. We understand the short sale process and know what the lender(s) need to approve your deal. We work with you to make the lender(s) see the true "picture" of your situation. Making the lender(s) see the win-win solution we have for them will give you a huge advantage on getting your home sold and avoiding foreclosure.
Bank Negotiations
We know that lender(s) love to say no. We won’t take NO for an answer. We will make sure they have all the information they need to make the best decision for you. Then we will negotiate a contract that will be a win-win for both you and the lender(s). We have over 95% success rate with lender(s).
Closing the Deal
We handle every aspect for you, so you can rest easy and know everything possible is being done to get your escrow closed. Many unexpected issues can arise during the escrow, and we have the experience to handle these situations.
Selling a home as a short sale is a big decision, and we realize that time is of the essence. Call Us today to get all your questions answered.
Thank you for visiting our website - Please consider it as your online source for local real estate information about Hidden Meadows, Rimrock, Escondido, San Marcos, Vista, Bonsall, Fallbrook, and Valley Center. Feel free to further explore this site for a FREE Home Valuation and Find Your Home as you search all the current listings available in San Diego. Make us your one stop source to San Diego Real Estate as you view Hidden Meadows Homes for Sale, Escondido Homes for Sale, San Marcos Homes for Sale, and Valley Center Homes for Sale; learn the steps to Buying a Home or how to make Selling Your Home a success; get information about Local Schools, Local Communities, and current Real Estate News.
