What is a Short Sale?

A short sale transaction is needed when all outstanding loan balances (Liens) on a property, are greater than the property's current market value.

Can I qualify for a Short Sale?

  • To qualify for a short sale, you must provide the lender with proof of financial hardship. Some common examples of financial hardship may be, unemployment or reduction of income, death or illness, divorce, or job transfer.

How can we help you with a Short Sale?

  • We collect, and submit all necessary paper work to your lender. We negotiate a lower pay-off amount with your lender. We aggressively market your home so it will sell quickly. All this at no out of pocket cost to you. We have successfully negotiated over thirty short sale transactions throughout the Tracy, Mountain House, Livermore, Manteca, Lathrop, and Patterson areas.

Why would my lender accept a Short Sale?

  • The main reason a lender would rather short sale than foreclose is cost. Foreclosure proceedings can cost your lender up to $50,000.

How will a Short Sale affect my credit report?

  • Lenders typically report a short sale as "paid as agreed", "paid as negotiated", or "settled". In addition, a short sale only lowers your credit score by an average of 50 points, and affects your ability to purchase again for 3 years. A foreclosure could lower your credit score up to 250 points and affect your ability to purchase again for over 7 years.

May I stay in my home during Short Sale negotiations?

  • Absolutely! In fact, your lender would prefer you stay in the home rather than leaving it vacant.

How long does a Short Sale take?

  • The length of time varies with every transaction, some lenders negotiate quickly, and diligently, some lenders take longer. Remember, you may stay in your home until the transaction is complete.

I am already in foreclosure, Is it too late to Short Sale?

  • No, it is not too late. Often, we are able to get your lender to delay costly foreclosure proceedings, in favor of a short sale transaction.



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