With the Temecula home market recovering in most areas of town, less homeowners are needing to use the option of doing a short sale to sell their Temecula homes. So are short sale going to be easier or harder to get approved in 2015?
Most of the larger lenders have laid off or reassigned much of their loss mitigation staff. The short sale departments now have less time and staff to review each short sale submitted to them. I feel it’s not going to be as easy to get a short sale approval in 2015 and if your agent submits a weak short sale proposal forget about getting that Temecula short sale approved.
How are you going to get your short sale approved in 2015.
The banks are not giving the large discounts any longer. They are demanding sales prices at or near full market value. Some lenders are even asking above market value/prices (Fannie Mae) when issuing their short sale approvals!
Get your home looking it’s best. You are now having to compete with the standard sales around you here in the Temecula and Murrieta valley.
I know it’s a pain but complete ALL the documents your lender throws at you (this is very important).
And seek out the best short sale specialist in your market (critical).
Some good news! Incentives and Relocation funds for sellers doing a short sales in 2015 have increased! The US Treasury dept has a short sale assistance program called HAFA that as of February 2015 now is giving home owners up to $10,000.00 at the close of a short sale. See my YouTube video on this new incentive!
How do you find the best Temecula short sale specialist to work with?
This is the easy part. Just ask Google,Bing or what ever internet browser you use.
Typical search terms you should type in would be……
Short Sale Specialist, Short Sale Expert, Short Sale Agents. To make your search even more accurate in finding the best short sale agents in your local area is to add your location/city in front of your search phrases. Here’s are some examples. If you live in my area which is Temecula Ca you would then type in the phrases below…. Temecula Short Sale Specialist or Temecula Short Sale Expert or Temecula Short Sale Agents.
Get a fresh start in 2015. It’s not to late to short sale your Temecula home. What this going to cost? There is never any out of pocket costs to you the homeowner to have the best Temecula Short Sale Agent on your side.
Chances are you already know the answer, but need to rationalize it out
in your mind. Before going forward with a short sale lets go over a few reasons
a Temecula short sale may be the correct solution for you and your family.
Your home has lost value and you see no recovery in the near future.
Your payment has or is adjusting up and you can no longer make the mortgage payment.
Job loss,reduction in pay,relocation.
Not so Obvious.
Current laws have opened a window for you to get a fresh start via a short sale.
Current tax benefit windows will be closing soon.
A Failed loan modification,this could be your golden ticket into a short sale.
Saving your credit,Yes a short sale will allow your credit to bounce back quickly.
No Realtor Fees – you pay no commissions or fees for your short sale.
These are just a few of the facts that may answer your question,”should I short sale my Temecula home?”
I have been helping local Temecula homeowners for over 16 years and have earned the title Temecula Short Sale Specialist and I’m also a certified *HAFA short sale agent.
Lets can go over your situation in detail and then if you decide a short sale is for you, we will go over the process on how to get your Temecula short sale approved at no charge to you. Call me at 951-215-6745
How Can A Temecula Short Sale Agent Help You?
Like many Temecula homeowners caught in the misfortunes of our global economic contraction, you’ve found it harder and harder, even impossible, to make your monthly house payments. Deep down, you know that it’s going to stop. You will not be able to sustain your payments and living expenses as they are now.We have a solution.
You’ve heard the term,short sale bantered about, and as you’re probably well aware, there are many Temecula short sale agents willing and ready to list your home. Some Temecula agents may regard it as an easy listing as they have no real skin in the game. These same agents will list all the Temecula homes they can and only a few will sell. You need a professional Temecula Short Sale Specialist from Realty Works Temecula working for you.
Your Temecula home most likely is a liability that can harm your credit through foreclosure but it will be reported as paid as agreed at the end of a short sale, helping you smoothly transition to a fresh start.Choose the best qualified and experienced Temecula short sale agent who is more interested in helping you to a successful close than just making you another number that ends up foreclosed on.
You can have confidence in my ability to help you. I’ve been helping homeowners in Temecula CA for over 17 years.Realty Works Temecula and Sidney Kutchuk (broker)have a proven success rate.Go with the Temecula & Murrieta short sales specialist.
We specialize in timely and completed approved short sale closings, with minimal impact on your credit and no drama. If you think it’s expensive to hire a professional,wait until you hire an amateur!
A Temecula Short Sale Agent Can Help You?
by Sidney Kutchuk – Realty Works broker & Certified Short Sale Agent – 951-215-6745
This month has been a good month for my Temecula short sale clients and tenants. I have been able to get 3 short sales approved via the Federal HAFA short sale program. That means at the closing I will be able to present $10,000.00 to each of them. In one of the properties the current tenant is getting the check. The check comes from the U.S Treasury as relocation assistance to the sellers or tenants,who ever is living at the property.
Short sales are still a 90 day battle to get approved,but still the short sale is one of the best options available when facing a foreclosure. The short sale offers you control in a situation where you can no longer afford to stay in your home and you’re unable to sell it because you owe more than it’s worth.
Now in late 2015 short sales are no longer the norm, if fact short sales now account for less than 15% of the home sales here in the Temecula and Murrieta area. This has been the trend in most all states. Equity is returning to most areas and the short sale market is fading fast. Most major lender have laid or transferred their short sale staff to other departments. This has made getting short sales even harder and sometimes longer to get too approval.
If you find yourself or know someone needing a Temecula short sale specialist give us a call at Realty Works 951-217-6745. There is never any out of pockets costs to our clients needing our short sale services. We will check with your lender to see if you’reeligible for the $10,000.00 HAFA relocation incentive.
Just when it looked like it was over for shorts they have picked up again.
This time the number one cause in unaffordability. Many homeowners that
were given a loan mod 5 years ago are now getting letter from their lenders
with major price adjustments to their house payments.
These price hikes are large and are now forcing homeowners to default on their payments and seek help from their lenders for a second or third time. This time most are finding that the lenders are no longer willing to help. So they must sell or face a foreclosure. To sell is the best solution but many home values still have not come up enough to repay the mortgage if sold at market value.
This is why we are now seeing the come back of the short sale again in 2015 just when it was looking like short sale were going to be a thing of the past. Mortgage resets are causing more short sale again here in 2015.
A short sale is a solution to avoid foreclosure. A short sale will allow you to market and sell your home even thought you owe more the the current market value. You will net ZERO Dollars,but you avoid foreclosure and can remain in the home during the process which is taking 3 to 4 months to complete.
Here in California at the end of a short sale you are released of the mortgage in full and the lender can not come back after you for any deficiency. Plus you are NOT allowed to pay any costs of the short sale including agents commission.
2015 HAFA Short Sale Update.
Starting Feb 1st 2015 short sales being processed via the HAFA program will allow the seller to walk away with $10,000 at the close of escrow. This $10,000 is for the seller to use for relocation costs. Prior to this change relocation assistance was caped at $3,000.00
Also, current HAFA guidelines state that first lien holders will also provide $8500 from sale proceeds to junior lien. This has now been changed to $12,000.
Harveston Lake Home For Sale in Temecula CA | 40051 Annapolis Dr
Welcome to your perfect home in Harveston Lake! This 3 bedroom and 3 bathroom dream home in Temecula CA boasts of more than 1,900 square feet of stunning living space that features gleaming wood floors on its entire lower level & wood staircase. Thoughtfully designed open floor plan. Beautifully landscaped front, backyard and cement patio, the curb appeal of this home alone will have you wanting to own it. As soon as you enter the home, a cozy dinning area greets you with its warm atmosphere. The kitchen area includes a bar/island with a granite top. This is a great area for preparing wonderful meals shared with loved ones. This kitchen includes,granite countertops, stainless steel appliances, beautiful dark wood cabinets, and its bright and vibrant. Just 2 blocks to the Lake.
This Temecula CA home has many upgrades from the wood flooring, custom wood staircase, wood shutters, to custom paint colors. Enjoy the convenience and comfort of its proximity to the lake, pool and parks! Be the proud owner of this lovely Harveston Lake home, call Sidney Kutchuk at 951-217-6745 today.
Single Family Home
Main Features 3 Bedrooms
1 Partial Bathroom
Interior: 1,936 sqft
Lot: 0.08 acre(s)
40051 Annapolis Dr
Temecula, CA 92591
Sidney M Kutchuk
Realty Works Temecula