Orange County Short Sale Help
Do you have an Orange County home that MUST be sold? We may have just the solution for you! Short Sales have solved many desperate homeowners' problem of needing to get rid of a home or property and avoid a foreclosure. A Short Sale takes place when a property is worth less than the amount the homeowner owes the bank, and the bank agrees to cut their losses and accept less than is owed in order to avoid an expensive foreclosure.
First of all, keep in mind you are not alone! Many homeowners across the U.S. are in default on their loans or will be soon. If that is you, we can help! Our network of Realtors are Short Sale Specialists and know exactly how to get your home listed and sold quickly. In order to qualify for a short sale, you must be facing some type of hardship. Some of these include loss of income or job, relocation/job transfer, divorce, death in the family, or increase in bills. A good rule of thumb that we say frequently is that a short sale is NOT for those that want to sell, but only for those that have to sell.
After hearing your unique situation in detail, we can match you with the perfect Realtor that specializes in Orange County Short Sales. And now for the best part of all, you will pay anything throughout the entire process! In a short sale, your home will be sold for less than what is owed on your loan. By allowing you to go throught the short sale process, your lender understands that they will be receiving a discounted payoff rather than the full amount owed. Under new legislation, If you have never refinanced your home your lender has no right to pursue a deficiency judgment later for the remaining amount owed in most cases. However, if you have refinanced, legally your lender can still hold the right to come after you for the remaining debt. With that being said, our agents will work hard with your lender to get you forgiven of the debt completely, even if you have refinanced! Why, you may ask? It costs a bank, on average, $58,000 to go through foreclosure proceedings. It is usually in their best interest to cut their loss and forgive your debt. Even better, your lender pays ALL traditional seller's closing costs, including our commission...once again, costing you nothing!
You really have nothing to lose! A short sale will cost you nothing and will save your credit. After the successful completion of a short sale, it will appear on your credit as "Settled in Full" or "Paid as Negotiated," just like any other debt you have paid off. Your credit score will likely drop, but not nearly as much as if a foreclosure had taken place. The drop in your credit score is a result of the missed payments and not the short sale itself. Experience is everything when looking for a short sale Realtor in Orange County, CA. We have closed literally thousands of short sales and have the experience necessary to guide you through the process and protect YOUR best interests in the transaction.