Is It Too Late to Short Sale Your Temecula CA Home?

A short sale refers to an agreement between a lender and a home seller. With this type of sale, the lending party has to agreed in writing to accept a discounted sales price as payment in full. Approval rates for short sales have significantly gone up as of late due to the fact that time running out on the tax relief act which will expire on December 31, 2012.
Get the Help of a Temecula Short Sale Agent!
Home sellers are not required to work with short sale agents, but doing so is generally for the better as it allows home sellers to take advantage of the expertise and network of the contacts that real estate agents have & at no charge.
With the help of a real estate agent, you can be sure that your short sale transaction is submitted as early as possible to your lender. This way, your lender will have more than enough time to review the transaction and submit it for processing well before the end of 2012.
Advantages of Short Sales
While you may understand by now why it is absolutely critical to act now, you may still be a little confused as to the advantages of short sales. Aside from being able to obtain tax relief for short sales from the IRS, you also stand to enjoy the following :
  • Avoid foreclosure and bankruptcy
  • Avoid further adverse impact on your credit score
  • Earn a chance to rebuild your credit more quickly and easily
  • Limit unnecessary expenditures for living and maintaining a property you can no longer afford

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Sidney Kutchuk

Sidney Kutchuk is the Broker at Realty Works Temecula. As a Temecula Short Sale Specialist Sidney Kutchuk is helping Temecula CA homeowners avoid Foreclosure. 951-215-6745

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