Short Sale Specialist Help in Santa Clara County CA   

What exactly is a Short Sale in Real Estate?

A Short Sale is typically a win-win solution for the homeowner as well as the lender. It typically costs a lender on average $58,000 to go through foreclosure proceedings. Therefore making a short sale to the homeowner's advantage as well as the lender's. The homeowner's credit takes a smaller hit than had a foreclosure been done. Also in most cases, the lender waives his right to pursue judgment on the amount owed at a later date.

In a short sale, the homeowner sells their property for less than what is owed on the property. The lender accepts the a discounted payoff and cuts their losses. Your agent will work with your lender to try to get a total release from the debt owed, forgiving you completely.

A successfully completed short sale appears on your credit as "Settled In Full" or "Paid As Negotiated." Your Santa Clara area home will be sold and the mortgage will typically be considered completely paid off, all while avoiding bankruptcy or foreclosure. Your credit takes a much smaller hit from a short sale and recovers much more quickly!

What is in it for me as a home owner?

Short Sales have a bad reputation of not closing for many reasons.  In order to encourage streamlining of the short sale process, our government started the HAFA program in April of 2010.  Under the HAFA program guidelines, lenders are offered incentives to approve short sales in a timely manor and homeowners are offered $3,000 cash back towards relocation expenses!  Contact us to speak to a HAFA short sale Program Specialist in the Santa Clara CA area today, or click here for more information on the HAFA Short Sale Program in Santa Clara County.

What are the benefits of a Short Sale?

• Once a short sale has been completed, foreclosure has been avoided.  A Foreclosure can damage your credit for up to 7 years whereas a short sale has a much less negative effect.
• You are typically forgiven of your debt 100% 
• You can be eligible to purchase a home again in only two years
• Your lender cover all traditional sellers' closing costs, including our fees. The short sale transaction is completely free to you!
• Your home gets sold and you can move on with your life!

What is a Financial Hardship?

• Loss of income
• Loss of job
• Illness
• Divorce or separation
• Relocation
• Increased living expenses
• Death of a family member
• Repairs needed with no resources to do so

Can any real estate agent work the short sale?

While many try, many fail.  Unfortunately, many Realtors® in Santa Clara County are not educated or experienced enough in the field of short sales.  Don't be a "Guinea Pig" for an agent who just took a weekend training class on short sales or an agent who has only closed a few.  Experience is everything when it comes to salvaging your credit and protecting your financial future.  The agents in our group, on average, have closed 50 short sale transactions each, and collectively we have literally closed thousands.

East Foothills CA