Short Sale – Your Path to Mortgage Relief.
Mortgage Trouble! Leave Your Home with Your Head Held High
A short sale is typically the best option for homeowners who are underwater on their mortgage and no longer want to stay in the sinking ship, that is their home. By definition, a short sale is selling the home at an amount that does not satisfy the debt of the home loan and is thus “short” of the full loan amount. If your property is upside down, it is no longer an investment but a money pit! It will most likely be years before your home is valued at the amount of your loan.
If you owe just about what your property is worth or more, there is a way out with minimal affect to your personal credit at NO COST, FEE, OR CHARGE TO YOU. Our specialty is to properly market your property and get your lender to approve the sale at less than what is owed.
For many of our clients the housing boom of the 2000’s was a wonderful time, until the boom went bust. In the past, short sales were not common but due to so many homes going into foreclosure, lenders and homeowners have been turning to short sales as a preferred method to disposition homes and avoid foreclosure. We will guide you through this as Upside Down CA has experts waiting to speak with you about your particular situation and whether a short sale is your best option.
The lender must agree to accept the lesser selling price and the homeowner must be able to prove a hardship. If there is more than a single lender on the property the situation can become very messy. The first and second mortgage lenders must agree that the first lien holder will contribute to the second so they will release their lien. This can be very difficult and usually it is the second mortgagor that is obstinate in negotiations.
Are you in one of the following situations?
- Owe more than the home is worth
- Experiencing a financial hardship
- Denied a loan modification
- Unable to afford mortgage payments
- Job relocation
Short Sale Advantages
- Your neighbours will never know
- Lesser credit impact than foreclosure
- Possible relocation assistance
- Free legal advice from the Law Offices of Ted A. Greene
- You can buy another home in 1-3 years dependent on credit
- Leave your home with dignity
- Could get up to 10,000 in relocation assistance (ask us how)
Upside Down CA has dedicated staff to negotiate with the banks to leave you free to worry about the truly important things in life. We have helped literally hundreds of homeowners both inside and out of the Sacramento area. Call us today! 916.442.6400 is our toll free number.
Or let us contact you by filling out the form below.
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