How do I know if a Short Sale is right for me?
A short sale is a good direction to go for a homeowner who is currently going through a financial hardship. If your home is distressed and you are trying to find another route to go in order to avoid foreclosure, then I encourage you to apply for a short sale.
What will I need in order to do a Short Sale on my Kern County home?
You will first need to type up a financial hardship letter. Some examples of a hardship letter would be:
● Loss of employment or decrease in pay
● Death or Illness of a family member
● Unexpected Major home repairs
● Relocation or job transfer
● Divorce or Separation
You will also need to put together a Short Sale Package. In this package you will need to provide other financial documents to validate your hardship. Our Short Sale Realtor Specialists will be more than obliged to help you prepare this package and get you on the road to qualifying for a short sale on you Kern County California home.
Will my lender agree with doing a Short Sale?
Lenders in more cases than none want to be cost effective in these situations. A foreclosure could cost them $58,000.00 or more to close on a foreclosure and this doesn't even include possible vandalism and/or deterioration of the home due to its vacancy. Your lender could also receive up to $20,000.00 for completing the short sale through the HAFA Program. In this program, you too, could receive up to $3,000.00 cash back towards your relocation. The incentives are there for both, the lender and the homeowner.
Will I be able to stay in my home while the Short Sale is open?
You will still have your rights to stay in the home until the short sale process has been closed. This will help benefit and prolong your time for finding other living arrangements.
How can I start my short sale process today?
Great question! Your answer is on this page. Contacting one of our top Short Sale Specialists is the ideal way to get things moving! Our fast paced network of highly experienced agents makes us one of a kind! Our dedication to the homeowner and their short sale is why our average agent has closed over 50 successful short sales. Experience and training is key to winning the race. Contact us right away!