Short Sale Specialists Helping One Family at a Time
Santa Clarita Valley – San Fernando Valley – Antelope Valley
This would also be a good time to consult with a tax advisor and a RE/MAX Agent who specializes in your market. RE/MAX agents are trained in working with distressed properties, and we will be able to help you explore options over foreclosure. Truth-be-told, but lenders don’t want to foreclose. Foreclosure is more expensive for them, so often they’ll consider alternatives. Some of these options may keep you in your home:
Loan Modification
While only certain homeowners will be able to take advantage of this alternative, it is your best option because it keeps you in your home and may preserve your credit rating.
Foreclosure and Mortgage Terms you need to familiarize yourself with.
Deed in Lieu
A voluntary surrender of title to property in exchange for a release from all obligations under the mortgage. Banks don’t always agree to a Deed in Lieu.
Standard Short Sales & HAFA Short Sales
By far the most utilized foreclosure alternative. Many banks will allow a short sale. This is attractive for lenders because they lose less money than in a foreclosure. Also, short sales generally take less time than foreclosures, so the banks don’t have to carry the properties on their books as liabilities. It’s attractive for homeowners for many reasons, and you may be able to purchase a home in just a couple years.
Short sales are paperwork-intensive, and there are many, many details involved. If you’re considering this option, it’s critical to work with a trained real estate agent who knows all the steps required to successfully complete a short sale.
Working with David Rendall and Myself on your short sale has many benefit:
1) Together we work with Group One Legal who helps to negotiate with your bank(s) on your behalf to obtain approval on your short sale, hopefully with a full forbearance on the balance of the loan. THIS COSTS YOU NOTHING!
2 You have legal representation every step of the way. You will be educated on your rights, potential ramifications, and legal liabilities. We truly want to put our clients in the best situation, and after you understand any potential risks, you decide if you want to proceed with completing the short sale.
3) If and once written approval is received, you will have an Attorney at your side ready to discuss/review the confusing language on the Approval letter.
These services are much better than working with an Agent who employs Negotiator with no negotiating experience, no License, or Certification leaving them with no legal liability and may put you and your home at risk.
RE/MAX leads the real estate industry in agents who’ve completed the Certified Distressed Property Expert (CDPE) course or other specialized training. They understand the intricacies of these transactions, and they’ll be able to advise and counsel you every step of the way.
Keep in mind that no matter which option you choose, there may be tax and other financial consequences. You should consult with a tax advisor or legal expert.