Short Sale Specialist Help in Santa Clara County CA
How does a short sale work?
A short sale happens when the homeowner falls behind on consecutive missed mortgage payments which then leads their home in distress and facing foreclosure. In order to avoid foreclosure your home would be sold under today's market value to get it sold.
How do I qualify for a Santa Ana Short Sale?
You will first need a financial hardship. For example:
- Unexpected home repairs in which you cannot afford to pay for
- Loss of Employment or decrease in pay
- Death or illness in the family
- Relocation or job transfer
Once you have a legit financial hardship, you will need to put together a Short Sale Package and leave the rest to us!
How can you help me with my Santa Ana Short Sale?
We love what we do! With our experience and fortitude when it comes to short sales, it's what makes us the top of our class! We support homeowners by working with your lender to collaborate on a lower reckoning settlement in order to value your home below the competition and get it sold! Our agents work extra hard to market your home to entice buyers, while also overseeing the entire sales process of your home and negotiations with your lender. You have ZERO financial responsibility while you are recieving our services, meaning no costs or charges for you!
What would convince my lender to accept a Short Sale on my home?
It is no secret that money has its way of moving a process a long! The fact is, proceedures of a foreclosure would cost a lender over $58,000.00. Properties over time start to deteriorate in their state and are exposed to vandalism when vacant, untimiately costing the lender more money. Banks are in the business of money making, not property management. In their eyes, it's a matter of being cost effective.
Is a Short Sale a huge benefit for me?
Yes, yes it is! A foreclosure will stick with you for up to seven years. In those seven years it will make it almost impossible to qualify for a loan let alone become a homeowner again anytime soon. A short sale will be with you for as little as two years. That's a great deal! When you have settled with your short sale, "Settled in full" or "Paid as negotiated" will show up on your credit. Through the HAFA Program, which stands for Home Affordable Foreclosure Alternatives, incentives are offered after completing the short sale. Homeowners could recieve up to $3,000.00 towards their relocation expenses! The HAFA program is an option to homeowners who:
- Do not qualify for a trial loan modification
- Do not complete the trial modification successfully
- Miss two or more consecutive payments during a trial modification
- Requested a deed-in-lieu of foreclosure or short sale
Can the Realtor I have now handle my Short Sale for me?
To be honest, I wouldn't count on it. It takes highly experienced Real Estate Agents to be able to successfully complete a short sale with you without set backs or frustration for you. Thank goodness for our Santa Ana Short Sale Specialists! The majority of agents claim to be "Distressed Property Experts" because they took a weekend training class. When picking an agent to take care of such a fragile manner like your short sale, go with the ones who have the experience and dedication you are looking for. Go with us! Let our agents prove to you just how valuable your short sale is to us and how our knowledge and incredibly experienced Short Sale Realtor Specialists will get you through your short sale efficiently!