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Short Sale Specialist Network "Preventing Foreclosures One Home at a Time"

Short Sale Specialist Help in Fresno CA

How To Short Sale A Home


What does a Short Sale mean?

A short sale is the act in which your home is sold below the Real Estate Market value because of the amount of tied up debt attached to the home.


What are the circumstances of a Short Sale in Fresno California?

 The most important qualification for a short sale is being in some form of a financial hardship. For Example:

- Loss of employment or decrease in pay

- Death or illness in the family

- Relocation or job transfer

- Divorce

- Natural or Unnatural home repairs that you cannot afford.


Where does the money that is forgiven by my lender go?

In more cases than not, a lender will write off their losses on a loan. A 1099 for the amount of losses on their loan, which is knowingly called The Deficiency, will be sent out by the lender. In 2007, Congress passed the Mortgage Forgiveness Debt Relief Act, which states in the event your home is sold as a short sale and there is loss, you will not be obligated to pay taxes on the forgiven amount. To learn more on the Mortgage Forgiveness Debt Relief Act, Click here.


Can I live in my home until the short sale is completed?

Absolutely. You will not have to relocate until the close. If you are heading towards a Fresno foreclosure and all communication between the bank and our agents is solid, the foreclosure procedure can be delayed. This is great news because it gives you more time to focus on other living arrangements.


What are the benefits of a short sale on my Fresno home?

The repercussions of a foreclosure are for more critical than a short sale. For Example: Some banks may report a short sale, whereas some may not. When a short sale is closed it will usually read "Settled in full" or "Paid as negotiated" on your credit. When you do a foreclosure you run the risk of five to seven years of not being able to qualify for another loan. However, a short sale will only take two years. Also with a foreclosure, your lender may come after you for a judgment in the amount owed. Through all of this, there is a program called the HAFA program. HAFA stands for, Home Affordable Foreclosure Alternatives. You can receive $3,000.00 cash back towards your relocation for completing a short sale.


Can any Realtor work on my short sale?

Realistically, no. Most Real Estate agents do not have the knowledge or experience it takes to conclude a short sale. A short sale takes a special skill and a lot of dedication. A lot of other agents do not want to bother with it. Do not be fooled by agents out there who call themselves "Distressed Property Experts", for they only took a weekend class which hardly justifies being an experienced short sale agent. There is no substitute for experience! Contact us now and let one of our highly educated and greatly experienced short sale agents get you back on the right track!


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Our Fresno CA short sale specialist real estate agents specialize in helping  homeowners stop foreclosure. Buy or sell Fresno CA short sale homes and real estate with a specialist! Call today and ask us "How do I short sale my Fresno home?" Short sale your Fresno California home for FREE while saving your credit and stop foreclosure! Look no further for short sale services in Fresno CA, we can guide you through the short sale process.

Need a Fresno CA Distressed Property Expert Certified in short sales to offer free mortgage short sale services? Fresno area Distressed Property Expert Certified real estate agents are here to help, and are Certified or trained in the California Home Affordable Foreclosure Alternatives, or HAFA short sale program. 


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