Category Archives for "Murrieta Short Sale Agents"

Benefits of a Murrieta Short Sale over a Foreclosure

Murrieta Short Sale Agents

The advantages of choosing a short sale over a foreclosure from a Murrieta short sale expert

If you are going through a tough financial situation and are worried that you have no choice but to let the bank take your home, this might not be the wisest decision for you.

As a Murrieta short sale expert, I have seen how selling homes as a short sale have benefitted homeowners who may have otherwise lost money and a good credit standing.

Here are a few benefits of doing a short sale:

  1. You are in control of the sale, and not your lender or the bank.
  2. You can spare yourself and your credit score from the stigma of foreclosure.
  3. You can sleep better knowing who the next owner of your home will be.
  4. Your short sale will be handled by a Murrieta short sale agent like any other normal home sale, with dignity and respect.
  5. You can still be current on your payments while doing a short sale.

The waiting period to buy a new home is shorter after a Murrieta Short Sale

According to the latest Fannie Mae 2016 guidelines, you can reapply for a new mortgage 4 years after a Murrieta short sale, with a 10% downpayment.

If you applied for a short sale due to extenuating circumstances, you can reapply for a new Fannie Mae mortgage 2 years after the short sale, with appropriate documentation of the extenuating circumstances. If you went through a foreclosure due to extenuating circumstances, the waiting time would be 3 years instead of 2 years.

You can also qualify for an FHA loan 1 year after a short sale.

Keep in mind that Fannie Mae and FHA guidelines are not a guarantee that you will be able to buy a home after those suggested timeframes since banks still have the final say and they might have overlays which can change the guidelines set forth by the government. Check with an experienced Murrieta short sale expert on available options you have when it comes to applying for a new mortgage after a short sale.

A short sale does less damage to your credit report compared to a foreclosure

A short sale does not appear as “short sale” on your credit report but as “paid in full for less than agreed” or “settled for less.” Certain HAFA guidelines allow for “no hit to credit” and can show up as paid in full. On the other hand, a foreclosure leaves a heavier dent on your credit report and remains there for 7 years.

Murrieta Short Sales

Deficiency Judgments after a short sale vs. foreclosure

Deficiency judgments are negotiated between the short seller and the lender. In California, if the Murrieta short sale home is your personal residence and was financed through purchase money, you won’t have a deficiency judgment.

On the other hand, after a foreclosure, banks are usually unwilling to negotiate deficiency judgments.

According to the California Association of Realtors, a deficiency judgment can be filed regarding a hard-money loan if the lender forecloses under a judicial foreclosure versus a trustee sale, or if the second loan is a hard money loan and the sales takes place as a trustee’s sale.

You can ask your Murrieta short sale agent about these if it is too technical or hard to understand.

It’s easier to apply for a loan after a short sale than a foreclosure

Loan applications do not require you to include information about your Murrieta short sale. You can simply report your home as “sold.”

However, you will be required to answer the question “Have you ever had a property foreclosed upon or given a deed-in-lieu thereof in the past seven years. Your loan may be denied if the lender sees you have had a foreclosure in the past seven years.

Going through a financial hardship does not mean you have no choice but to foreclose your home. You can call a Murrieta short sale expert and ask about how to go about the short sale process so you can save yourself from the hassle of a foreclosure or visit https://www.temecula-shortsaleagents.com for more information about doing short sales.

Call me, Sidney Kutchuk, now at 951-217-6745, to get expert advice on Murrieta short sales. With my years of experience with successful short sales, I can guide you smoothly through the short sale process and help you avoid the pitfalls and stress that most sellers go through during the short sales process.

In case you can not view this video here, please click the link below to view Benefits of a Murrieta Short Sale over a Foreclosure  on my YouTube channel: https://youtu.be/ICL9itS3C7A

Murrieta Short Sale Specialist – Home for Sale

Murrieta Short Sale Specialist – Home for Sale


Murrieta Short Sale Specialist


Overview
Maps
Photos
Market Stats

$304,663
Single Family Home
Main Features
5 Bedrooms
4 Bathrooms
1 Partial Bathroom
Interior: 3,235 sqft
Lot: 7,000 sqft
Location
28347 Carlisle St
Murrieta, CA 92563
USA

Sidney M Kutchuk

Sidney M Kutchuk

Realty Works Temecula
(951) 676-4663
Expert@aShortSale.com
http://www.aShortSale.com

        

Listed by: Realty Works Temecula

Our recent listings

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Nearby properties for sale

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Temecula Short Sale Homes vs Bank owned Homes. 951-217-6745

Temecula Short Sale Homes vs Bank owned for sale Homes. 951-217-6745
When you are looking for a home to purchase and time is the most important item on your list
the choice is clear the Bank owned home wins.A bank owned home can be closed in 30 days or less.

But on the whole the better buys are the many Short Sale Homes on the market. These homes are highly discounted. In order to get that discount you need to be patient and make sure you are working with a experience short sale specialist. Most short sale sellers (homeowners) are offered incentives to cooperate through the short sale process, so at the end of the short sale your will have a non-damaged  bargain home.

So don’t let your real estate agent steer you away from the bargain home a short sale can be.

We have a team of agents helping Temecula and Murrieta short sale clients. These are good buys and the short sale helps the sellers move on and get a fresh start. We help Temecula and Murrieta home sellers.They need the best short sale agents to help them through the short sale process and at no out-of pocket costs to them.

Call the Short Sale Team at Realty Works to buy or sell a short sale home. 951-217-6745

 

 

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Good News,your Temecula CA short sale has been completed.

Good news,
Your Temecula CA short sale has been completed. (an unedited email sent & received today)
I just received confirmation that the escrow has closed.
Thanks for keeping utilities on during the process,it helps SO MUCH to
keep the buyer involved and in place.Losing the buyer is one of the biggest
issues we have.
Thank you for letting us help you get through the short sale process we
are also working to help your neighbor you referred to us….
Sidney,
Great news! Thank you and Valerie so much for all of your help and hard work. You both made the process so easy and we really appreciate it!
 
Diane 

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Murrieta Short Sale Homes – Investor Special – 6 Bedrms $235,663.00

Murrieta Short Sale Homes – Investor Special – 6 Bedrms $235,663.00


Murrieta Short Sale Homes | by Realty Works

Overview

Maps

Photos

Market Stats 

$235,663
Single Family Home
Main Features
6 Bedrooms
3 Bathrooms
Interior: 2,671 sqft
Lot: 7,405 sqft
Location
27988 Busman Rd
Murrieta, CA 92563
USA

To get updates on open home dates and other property events, please click the “Like” button below:


Sidney M Kutchuk Sidney M Kutchuk

Realty Works Temecula
(951) 676-4663
Expert@aShortSale.com
http://www.aShortSale.com

      

Listed by: Realty Works Temecula

Our recent listings

 

Subscribe to our listing feed
See more Murrieta, CA real estate for sale

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Listed by the…. Murrieta Short Sale Agents at Realty Works Temecula 951-676-4663.

Murrieta Short Sale 951-217-6745

Murrieta Short Sale listed by,Realty Works Temecula. Murrieta Short Sale Specialists


Murrieta Short Sale Agent


Overview
Maps
Photos
Market Stats

$304,663
Single Family Home
Main Features
5 Bedrooms
3 Bathrooms
Interior: 3,800 sqft
Lot: 8,276 sqft
Location
29691 Ski Ranch ST
Murrieta, CA 92563
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Sidney M Kutchuk

Sidney M Kutchuk

Realty Works Temecula
(951) 676-4663
Expert@aShortSale.com
http://www.aShortSale.com

Listed by: Realty Works Temecula

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

Powered By RealBird.com

.

In a short sale the higher offer is not always the best for your short sale client.

Highest and best. The Highest Short Sale Offer is not always the best offer. $$$,$$$Aces

Today I was reviewing multiple offers on one of my Temecula Short Sale listings. I thoroughly review all offers for my clients and advise them which one to accept. One offer stood out as it was written for $15,000.00 over the listed price. That offer was not accepted. Why…..?

Well we tend to focus on price,but in a short sale were the seller nets ZERO the goal is to get them to closing before the bank forecloses on the property. So in reviewing all offers I have to strategize and select the short sale offer I think has the best chance of closing.

OK so here is why the highest offer may not be the best and I had to learn this lesson the hard way.

If you get impressed by the highest offer and submit it to the bank for short sale approval and they approve it, your safe if the offer is cash and the buyer closes. If the buyer is not a cash buyer the headaches begin.

Will the property appraise, if not, does the buyer have the funds to bridge the gap? What happens if the buyer walks and many do. Now you have to re-market and chances are the next offer or your backup will be for less.

Trying to now convince the lender that they should take a lower offer is a up hill battle and you may run out of time to recover.

Think it through and don’t focus on Highest and Best offer. In a short sale the highest offer is not always the best offer. 

 

Temecula Short Sale Agent, Cyber Sid at your service,Short Sale QR Code

by Sidney Kutchuk  AKA…Cyber Sid
      SHORT SALE AGENT    www.aShortSale.com
   
CALL ME, 951.217-6745 cell

 41720 Winchester Rd #I  Temecula Calif. 92590      951-217-6745    DRE# 01156692   Google me

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Temecula Short Sale denied.

I have been able to stop many bank foreclosures, even when they are just days away from the sale date. But this homeowner got to close to edge.

Today a Temecula homeowner lost his home to foreclosure. He contacted me last week asking about the Short Sale Process and told me a sale date had been set for the following week. The bank was set to foreclose in four days. This homeowner has done everything to stall the banks,a loan mod,a bankruptcy,a second loan modification and now he wanted to do a short sale.With only four days left before the sale date I sent him the forms I needed to stop the bank sale. The only form I need back ASAP was a 3rd party authorization. This form once signed by the seller allows me to contact their lender and request that the sale date be postponed.This would allow me time to process and start  their Temecula short sale.

This seller had been able to push back the sale date 3 times before. He did not take me seriously when I requested of him to get me back the form that day. All it needed was his signature,loan number and social security number. He waited two days to get it back to me. Once I received it  I was able to contact the bank and ask for the sale to be stopped. It was too late for this Temecula homeowner,the bank went forward and foreclosed. I think they had had enough of his stalling the foreclosure process. The Short Sale was denied.

Don’t wait till the last moment. A short sale is an option to foreclosure. I can help you with no out-of-pocket costs. This is what I do and I do it well. Call or email me I have provided the links below. Sidney Kutchuk  – Expert@aShortSale.com   951-215-6745.

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Murrieta Short Sale Agents | 951-215-6745

By Sidney Kutchuk – Certified Murrieta Short Sale Agent.

Murrieta Short Sale Specialist

HAFA Certified Short Sale Specialist

A short sale is a type of real estate transaction were you need to be sure you have the best Murrieta Short Sale Agent on your side.
WHY? Because a short sale is a pre-foreclosure sale and you risk loosing your home to foreclosure if the sale is not handled correctly.
Time is of the essence with all real estate transactions, but with a short sale it is even more important to keep tract of the many moving parts that are part of the short sale process.

Realty Works has a proven tract record helping local Murrieta homeowners with NO “Out-Of-Pocket-Costs”. Get the facts before you list you Murrieta home. The hardest part of a short sale is not knowing what to do. Lets talk. I can and will advise you of your options. There is no pressure from me,use my 17 years of short sale experience to make your choice. If you decide a short sale is the correct option I will step you through the short sale process and tailor my program to your needs. I have many ways to get to the goal which is an approved short sale.

Email me  Expert@aShortSale.com  or call me  951-215-6745
I am here to help. I am a certified HAFA Murrieta Short Sale Agent. 
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