Monthly Archives: December 2016
Monthly Archives: December 2016
Most sellers can easily get confused with short sales. What exactly is it and will you get any benefits from it? Let’s break it down.
If you’re putting your home up for sale and it doesn’t get a high enough offer to cover your mortgage, but you need to unload that property so you take that low offer. Simply put, a short sale is when you end up “short” on paying back your mortgage and your bank agrees to accept an amount that’s less than what you owe on your loan.
Most of the time, homeowners are pushed into short sales due to personal financial difficulties which makes it impossible for them to pay their monthly mortgage.
It’s hardly an ideal situation to be in, but it is definitely smarter than allowing yourself to declare bankruptcy or foreclosure on your property.
Here are the top 3 tips to secure a successful short sale:
Some home sellers are so eager to let go of the property that they don’t think about what happens after they close the sale. Laws vary by state, but there are a lot of states that allow lenders to go after the balance that is left on the loan after the sale.
While lenders are not obliged to approve Home Affordable Foreclosure Alternatives (HAFA) short sales, this is one way to avoid a deficiency judgment. Through this HAFA federal program, lenders release the borrower from any potential deficiency judgment.
A short sale is time-consuming. It can take months to close. While I can help you with the entire selling process, as a real estate expert, I suggest that you discuss legal matters such as the potential tax implications, protecting your other assets in the future, and more with a trusted lawyer.
You do not want your property to look like a foreclosure. As such, it is important for your home to be properly maintained, if you would be putting this up on short sale.
Don’t stop paying your homeowner’s association dues or condo dues. You don’t want this to hinder the buyer from purchasing the property just because of the unpaid dues he or she has to shoulder after the sale, do you?
If you need help in selling or buying Temecula short sale properties and don’t know where to start, simply visit www.Temecula-ShortSaleAgents.com.
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