Finally, a whisper of decent economic news! Key economists are reporting that the real estate market is showing signs of recovery and it could be that the worst is behind us.
According to the fourth quarter report from Capital Economics “Prices appear to be reaching their trough, visible supply is on the decline, and banks are beginning – just slightly – to loosen lending standards”.
We believe foreclosure property doesn’t do anything good for anyone. It hurts the owner, the banking industry, the mortgage industry as well as having a negative impact on the neighborhood and community where the foreclosure takes place.
A foreclosed property can damage real estate values and multiple foreclosures on any street or even in a neighborhood can drive property values down, hurting neighbors and having a far-reaching negative impact.
The best solution? The short sale, by a long shot. The short sale is a natural tie-in with market recovery as it contributes positively to the economy. Think about it for a moment. The abandoned house decreases its’ value and the value of nearby homes. It hurts the housing market and is bad for local businesses– it affects the tax base of the city or town. It’s just bad news all around.
By contrast, the short sale keeps business moving the way it should – the way it would in a healthy economy. Why? Because property moves. It changes hands and gets kept up, maintained and retains current value.
Let’s start with the real estate professional. Using the short sale option means more houses to sell. Working with a company like ours means you have to do less work to make the deal a reality. More closings, more commissions and a healthier personal economy. That’s a start.
Let’s look at the family that was threatened with foreclosure. They can sell their house, keep their credit intact and if the deal is done correctly, these days they have a good chance of walking away with a chunk of cash that will not only make them feel better about losing their equity. Let’s face it – they probably accepted losing any equity they had long ago – but walking away with cash goes a long way to helping a financially strapped family get settled again. And, with a short sale, their chance of getting back into home ownership is significant.
Now, look at the lenders. The last thing they need right now is more foreclosure inventory on their books. It’s never going to be their top priority and the neighborhoods and streets where that property sits suffer – not to mention the property itself. Lenders are motivated to keep the inventory moving.
The short sale transaction can be involved and it helps if you know exactly what to get to the bank and when and what to follow up on and at what point, so that the deal goes through and it happens smoothly and easily.
That’s what we’re here for. Consider working with Short Sale Experts to make your short sales a reality, your clients happy and to contribute to getting our economy back to sanity. And, it will help your bank account in the process. We’re all about win-win.

Does the celebrating of the holiday season go by much more quickly than ever before, are we getting older, or both? In any case, we hit the ground running this year and we’re calling 2012 the Year of the Short Sale.

It’s old news by now that the economy is a hot topic. Because it’s become the focus of the news – current and special segments, the general public is thinking about their personal economics and it seems everyone has an opinion.

It used to be that people experiencing financial difficulties would be hesitant to talk openly about their problems. Now, with economic conversations of all kinds, up front and center, it’s no longer taboo. That means some people know just enough to be dangerous.

 
A lot of talk has centered around the housing market and most people’s biggest investment – their residence. More than ever, Americans are thinking about their equity, their mortgage, their bills and how to manage it all, particularly when finances are tight and especially if they’re upside down in their mortgage.

The good news is the short sale has been getting quite a lot of press lately too. Foreclosure hurts families, hurts neighborhoods and communities and the damage left in the wake of a foreclosure, like ruined credit, is sometimes only realized after the fact.

Consumers are starting to understand that by taking advantage of the short sale, they can come out much better than if their home is foreclosed. In most instances, they can keep their credit intact, they can get back into home ownership more easily and in many cases they can walk away with some cash they can use to get situated while they sort out their future.

Because there’s more talk about short sales in the media and heightened consumer awareness, there is of course more need for completed successful short sales transacted by trained agents. Your job can be made much easier when your seller is open to a short sale – it’s not such a ‘foreign’ concept as it once was and you can thank the news media for making your job a bit easier in that regard.

Lenders have also come to realize that the short sale mitigates loss for them. They don’t want foreclosure inventory, especially inventory left damaged (or worse) by disgruntled owners. As a result, they are much more willing to work with short sale agents, to make the deal happen and this can include hefty financial incentives for successful sells.

That’s where we come in. At Short Sale Experts, the short sale is what we do, every day, all day. We know how to navigate the waters, work with banks and get deals closed. We’re on top of everything that needs to be done and all the changes that occur, when they happen. Working with us, you have a greater chance of a successful short sale. Let’s talk about how we can make your job easier and more lucrative and leave you with happy, satisfied clients too.

Contact us today; 888-746-7820 and see how we put the “short” back into your short sales.

We were excited to learn about the recent changes to the Bank of America HAFA process. Why you ask? Because we’re in favor of ANYTHING that streamlines the process of getting the deal closed.

Until recently, when you were helping one of your clients get their home sold through a short sale and the homeowner wanted to qualify for the government Home Affordable Foreclosure Alternative (HAFA) program – and you were working with Bank of America – you (or your client) would be directed to one of the companies Bank of America outsourced the HAFA process to.

If you have any experience with these third party companies, you know they can be known to lack structure, accountability and sometimes even solid knowledge about the actual program. We all had to accept that as a very frustrating part of the process.

The changes in the Bank of America HAFA process means you now work directly with the bank, no longer chasing down the rabbit hole of the third party processor. We’ve processed a lot of short sales through these companies – and successfully – but it was never easy. So, this is good news!

However, can we say that every silver lining is inside a cloud? Well, in this case, the cloud is the pitfalls we’ll all have to deal with until the kinks of doing it ‘the new way’ get worked out. Changes take time. As much we all prefer simple and streamlined – that almost never happens immediately with any change in business.

We specialize in negotiating the red tape of short sales and for us; that means building familiarity with the new rules and regulations and learning our way around and through the system to a successful sale on the other side. Anything becomes easier when you are familiar with it. On the contrary, things you do only occasionally present challenges each time. Sometimes the challenges are enough to make you avoid the process.

We’ve seen some challenges right out the gate with the Bank of America Equator System. We realize these are the kind of things that frustrates homeowners and brokers, but for us it’s all in a day’s work. We trust that the HAFA short sale is going to be a great resource for your clients in 2012. We also know that the new Bank of America short sale process is going to make everyone’s life easier in the end.

The bottom line with the HAFA short sale is getting it approved, getting your client a deal they can work with and keeping your time freed up to work with more clients and close more deals. That’s where we come in. We stay on top of ALL the processes and bring deals to fruition. We make your life easier and your job go more smoothly. Rely on Short Sale Experts. We’ll keep you informed, in the loop and we’ll expertly navigate the short sale process FOR you. Call us to find out just how easy turning over the tough part of your job to the experts really is.

Click here to review the recent Memo From Bank of America.

At Short Sale Experts, we’ve built our business and our reputation on helping you make short sales happen. We have a tremendous success rate – just over 95% and we’ve done it hundreds of times. Simply put we exist to make your life simpler and to help you close more deals, more often.
Would you like to get started with a new short sale? Click Here or Call 888-746-7820

In this season of Thanksgiving, we’re mindful of our gratitude for family, friends, health.  It can be very difficult to feel grateful for anything when you are worried about losing your home to foreclosure and coping with financial pressures.  But now, you can actually be thankful for the option of short sales.  Yes thankful – for the chance to start fresh, and not lose your home.  Yes, thankful – for the opportunity for financial recovery and freedom to rebuild your life.

Let’s be honest here – the house you once thought of as a blessing is now a burden.  You know you cannot catch up with payments, you know that you owe more than the current value of the house.  You know that you could lose it all.  A short sale gives you an opportunity to get out from under, and get a fresh start.  Here’s why.

Facing pressure from regulators over having far too many foreclosed properties on their books, major banks are now more receptive to short sales than they were a few years ago.  The largest holder of foreclosed properties, Bank of America, recently announced a test program in Florida which promises incentive payments for relocation assistance if a successful short sale is initiated between September 26 and November 30 2011 and closes by August 31, 2012.

Instead of losing your home to foreclosure and possibly being responsible to the lender for additional legal costs, you have an opportunity to sell your house at a current market price which the lender will accept.  You don’t have a foreclosure on your credit record.  You don’t have anything negative showing.  This debt is settled.  True, you didn’t make any money when you sold your house – but you didn’t lose it to foreclosure.  You sold.  The lender accepted.  And your neighbors are probably happy that the house did not sit empty for months on end.

Because you sold and did not default on your mortgage, you have a better likelihood of moving into a quality rental, or qualifying for a mortgage on a new property within time.  You don’t look like someone who just let it go.  You also have better control over your financial future.

Regardless of incentives from the lender, the real incentive for the homeowner in a foreclosure is freedom.  You are free of the financial pressure of a house you can no longer afford.  You are free of the consequences of foreclosure.  You are in a solid position to get your finances in order, renew your goals, and live free of financial pressure that is not your fault.

Picture yourself next year in a new home, free of the worries you now have about losing your present house.  Picture yourself next year with your family, healthier, happier, and in control of your financial destiny.  A successful short sale can make that happen.

Freedom from foreclosure, from worry about losing your home. Now that is something to be truly thankful for.   That freedom comes from a successful short sale that you complete in cooperation with your lender – and from going forward!

Want to know how to get your short sale started?  Download our free short sale eBook and
you will get all the help  you need to get started and keep you going. Or call us today for a consultation – it’s always free and there is never any obligation. 888-746-7820.

Say it: Goooosfraaabaaaa. Take a deep breath. Say it again: Goooosfraaabaaaa. Feel better? You probably do. Think we’re nuts? well check out the short clip at the end of this post…

Let’s face it – money problems are one of the biggest stressors people experience. Money problems can ruin relationships, destroy businesses, compromise your health. When your clients are facing foreclosure they might feel like their lives are falling apart.

Working with people who have their backs up against the wall isn’t easy. Your job can be stressful in the best of times. Working with clients that are a heartbeat away from losing their most valuable asset doesn’t always look like a fun day at work. The short sale is a viable solution for your clients facing foreclosure. It can save them headaches in the future, protect their credit and allow them to get back into home ownership more quickly.

Getting any home sold is a lot of work. Add the complexities of navigating the short sale process and it can make your job way more difficult, worrisome even. It’s a fickle market and the banks don’t make it easy for you.  They change their processes regularly, subject you to endless phone queues and sometimes it seems unless you hand deliver every document and signature right to their office, you might as well just shred them.  Is that your head banging on the desk we hear?

We know the pain of this process, we’ve been there. In fact, we’ve been there so often that we can navigate it easily. We have a dedicated process that makes handling the short sale way easier for you. Your short sale transaction is much more likely to happen, meaning your work will be rewarded and your hard-earned commission realized.

We know the up-to-the-minute short sale guidelines, we understand the process and our nearly 96% success rate proves we know how to get results. We’re the company that works WITH you – side-by-side, to get the deal closed and the house sold. There are no up-front costs and we handle everything. Partnering with us, you can focus on what you do best – help the homeowners get (and keep) their home in ‘show condition’, get it shown, get interest, get offers.

You might be thinking that outsourcing the short sale process has to cost you somewhere. Outsourcing is actually good for your business and your bank account. Many business owners – particularly entrepreneurial thinkers are challenged by the old notion ‘if you want it done right, do it yourself’. The truth is when you outsource and don’t handle every last detail of every sale yourself; you’ll make more sales more successfully and earn more money – it just flat-out makes sense.

Oh, and the goosfraba? We picked that up from the movie Anger Management staring  jack Nicholson Adam Sandler and Marisa Tomei . Saying silly-sounding words has been proven to relieve stress. We’re all for whatever works! If you haven’t seen it here’s a short clip, be warned it’s a little racy, but hilarious nonetheless. Take a look at the Goosfraba Short Clip.

Do you have a new short sale listing?
Questions about submitting a new short sale?

Need Help with a short sale or want to speak with an expert to prequalify a new listing? Let us help you “put the short back in short sale”. The Short Sale Experts, Inc. Negotiation Service for Agents is designed to help you close your short sale transaction in the shortest time possible, with the fewest hassles. We handle all of the time-consuming negotiations with lenders, freeing your time so you can continue to prospect and build your business.

Call us today and we will walk you through how to get started (888) SHORT-20
Or email us at info@shortsaleexpertsinc.com

What would it take to get most homeowners to move out of their house if they owed more on the house than what it’s worth AND they couldn’t make the mortgage payments? Of course, short of a wrecking ball or bulldozer! Would money talk? Would $35,000 get you going on a short sale? And avoid foreclosure?

Remember “cash for keys?” Big banks – Chase, Bank of America, CITI and others – are upping the ante by now offering cash for delinquent homeowners, not to move out, but to stay and participate in a short sale. They’re a bit tightlipped on the details, but several aspects of their programs are clear – especially the reason behind them.

Banks are literally throwing money at homeowners to short sale and prevent foreclosure and, surprisingly, it works out for all involved. Historically, the banks have had a terrible response rate from their homeowner outreach programs. Now they are wise to getting the agent and the homeowner on board by offering cash incentives for a successful short sale. The listing agent might even receive a cash bonus as well – some lenders are rumored to be paying a $1,500 bonus to the agent at the close of escrow. You want even better news? These short sale transactions tend to be quicker and more streamlined! Most can even be wrapped up – from start to finish – within 90 days, minus the hiccups of most short sale transactions. For the bank, this represents a significant savings of time and labor. The typical foreclosure remains on their books for an average of 318 days, according to RealtyTrac.

At this time, this is no way to directly request these large Non-HAFA incentives. In fact, banks are holding their incentive criteria close to the vest. Most of the information we have on how much the banks are offering is from our personal experience by helping our clients who have actually received the offer. Our suggestion is to pay close attention to any mail that is received from the mortgage lender/servicer. The incentive letters look very much like form letters and homeowners are naturally distrustful of their contents.

The amount offered varies as well; the highest amount offered that’s been documented is by Bank of America, at $35,000. The least amount offered comes from HAFA, the Fed’s foreclosure avoidance program, at $3,000. The rest fall somewhere in between: Wells Fargo and JPMorgan Chase offer between $10,000 and $20,000; while Citibank, not forthcoming with their incentive amount, is rumored to be offering $12,000, according to DSNews.com.

Do you have a new short sale listing?
Questions about submitting a new short sale?

Need Help with a short sale or want to speak with an expert to prequalify a new listing? Let us help you “put the short back in short sale”. The Short Sale Experts, Inc. Negotiation Service for Agents is designed to help you close your short sale transaction in the shortest time possible, with the fewest hassles. We handle all of the time-consuming negotiations with lenders, freeing your time so you can continue to prospect and build your business.

Call us today and we will walk you through how to get started (888) SHORT-20
Or email us at info@shortsaleexpertsinc.com

See what our clients are saying 

“After being referred to Short Sale Experts, I’ve used them for multiple deals and couldn’t be more impressed. Their responsiveness and continual updates set them apart from other short sale negotiators out there. And it’s great to have them as a resource when evaluating the viability of prospective short sale deals. All in all, a great firm to work with and crucial component of my business!”

Jeremy Lock
Broker Associate, SFR- Realty National, Inc., San Diego

“Over here in Phoenix the  Short Sale market is very active. Have enjoyed following Short Sale Experts Blogs and post on FB. I Have found them helpful in our business. Keep up the good work. Bill S”

Bill Salvatore
Owner/ Realtor Phoenix Arizona, Gilbert Arizona

 

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Earn an extra $500 or more for telling your friends about us  >>>

 

Short Sale Experts, Inc is making it easy for you to earn extra cash by helping your friends and colleagues close more short sales! For the first time, we are introducing our Friends and Family program. From now until the end of this year, when you refer a licensed agent to our services you can get paid when their short sales close. It’s easy to get started and best of all, you get to help a fellow Agent close more short sales and make money doing it!!

CALL US TODAY  888-746-7820 OR VISIT OUR SITE FOR MORE DETAILS
CLICK HERE TO DOWNLOAD THE REFERRAL AGREEMENT. 

 

Big Banks Offer BIG Incentives

Just like with any good gossip column, there are bound to be myths that end up spreading like wildfire about the topic at hand, whether it comes from a good friend, water cooler conversation at the office or simply an uninformed agent.  The same holds true for short sales.  Here are a few myths we think you should know about before deciding if a short sale is right for you.

Myth #1: The borrower has to pay the bank the deficiency after the closing, so why bother with a short sale.

Truth is…In the past, banks required borrowers to pay the difference between what they owed on the mortgage and what the home sold for in the short sale.  On July 15, 2011, Governor Jerry Brown signed into California law that lenders could no longer pursue borrowers for any deficiency in a short sale.  This applies to ANY loans involved in the sale.

Myth #2: I will have to drain my savings before a bank will agree to a short sale.

Truth is…Banks will consider the financial assets of the borrower, however they will not necessarily be required to use the cash assets to fund the shortfall.

Visit http://bit.ly/oIBobA to download your free information- packed copy of “How Savvy Homeowners are using Short Sales to Avoid Financial Ruin”.

Myth #3: I can’t afford to pay a real estate agent fees to complete my short sale.

Truth is…Short sales are a no-cost solution.  The bank will pay the agent’s commission, and all customary closing costs, such as escrow and title fees.  In some cases, banks even offer incentives, such as moving allocations that may put CASH in YOUR pocket!

For Toll-Free 24-hour recorded information about how savvy homeowners are using short sales to avoid financial ruin call (888) 746-7820

Myth #4: A short sale is just as bad on a credit report as a foreclosure or bankruptcy.

Truth is…A short sale shows up as a series of late mortgage payments on your credit report.  While a foreclosure will stay on your record for 5-7 years, and bankruptcy will remain for 10 years, a short sale affects your FICO score for 2-4 years.  In fact, Fannie Mae, Freddie Mac, and FHA guidelines all state that it is possible for a borrower to get a NEW loan to purchase a home within 12-24 months after a short sale is completed.  Lending Institutions look much more favorably upon those doing a short sale versus a foreclosure, in that the borrower is not walking away and leaving the bank with the full unpaid balance of the loan.

Myth #5:Once the bank starts the foreclosure process, there is no time to do a short sale.

Truth is…It’s never a good idea to wait for the last minute to decide to short sale your home.  California has a “non-judicial” foreclosure process.  This means that the banks do not have to take a borrower to court in order to foreclose on their home.  Legal foreclosure time frames allow for 90 days since the first late payment before the foreclosure process begins.  At this point, a borrower receives a “Notice of Default”.  This starts the clock ticking, and at another 90 days, a borrower receives a “Notice of Trustee’s Sale”.  This is the final notice that a borrower will receive.  Typically, without a short sale or bankruptcy in progress, a home will be auctioned or foreclosed on by the bank 21 days after the “Notice of Trustee’s Sale” is posted on the door.

Myth #6: I have a lot of debt, and I have to choose between doing a bankruptcy or a short sale.  If I proceed with bankruptcy, my home will be lost in foreclosure.

Truth is…Short sales and bankruptcies CAN work together!  Many homeowners are in this situation these days, and Fannie Mae guidelines now state that borrowers may qualify for a new purchase loan only 2 years after a bankruptcy has been discharged.  Many lenders will allow short sales to move forward during bankruptcy, as long as they have permission from the bankruptcy attorney and all parties involved.

Call us now to decide your financial future (before the bank does it for you).

 Our consultations are always free and no obligation.

You are not alone in your situation!  Give us a call today at (888) 746-7820 so that we may discuss your situation with you and present your options.  Don’t lose your home to foreclosure!  Walking away from your home is the WORST thing you can do.  We have successfully helped more than 1,000 homeowners with a real estate short sale.  With a short sale, you can be proactive and:

• Save your credit

• Pay absolutely NOTHING to sell your home

• Satisfy your lender, and have no deficiency

• Relieve your debt

• Get a fresh start

Banks make the decision to foreclose. YOU make the decision to short sale.

If you suffer from financial hardship, you may be able to short sale your property and get immediate financial relief. You can avoid crippling your credit rating for the next 10 years. A successful short sale means the bank will write off your debt and stop hassling you for payments.

We are experts at short selling properties (and we have a 95% success rate closing over 1000 short sales since 2007). We will work with you to find a buyer, negotiate with your bank and close the deal so you can walk away debt-free.

Debunking common short Sale Myths

HARP 2.0, the name coined by the media, may seem like music to many homeowners’ ears. However, the new HARP program is not a game-changer for the real estate market. When President Obama put the Home Affordable Refinance Program (HARP) into effect in 2009, the intent was to assist borrowers whose loans had been backed by Freddie Mac, Fannie Mae or FHA. The idea behind HARP was to assist those owners who did not have sufficient equity (or even had negative equity) to refinance. The original version of HARP worked with borrowers who were still current on their mortgages and owed as much as 125% of the current value of their home. These people needed a way to refinance their mortgages, and HARP allowed that to happen.

Did HARP Work in the First Place?

Unfortunately, HARP fell short in many ways, but mainly because it was only able to assist a little over 800,000 homeowners. HARP 2.0 is meant to broaden the number of people who can be helped by the program by loosening the eligibility requirements.

While the requirements may have been eased a bit, experts still don’t believe the program will help many more people as its scope is pretty limited. It does nothing for the 6 million plus homeowners who are already behind on their mortgages, but it does allow for more borrowers who are current to use the program.

What is New in HARP 2.0?

The basic structure of the HARP 2.0 program states that FHA, Fannie Mae and Freddie Mac borrowers will be able to refinance no matter how upside down their mortgages are.

• Banks will only be required to verify that borrowers have made their most recent six payments and that they have not missed more than one payment within the previous 12 months.
• Banks have to prove that the homeowners do have employment or some regular source of income.
• Appraisals are not required as long as there is a reliable automated valuation model.
• There is no 125% loan-to-value restriction
• Existing mortgage insurance can be moved over to the new mortgage which makes the process much easier.
• The program ends on January 1, 2014, which means you must close on your new mortgage by then.

Who Doesn’t Qualify for HARP 2.0?

The new HARP plan still will not assist homeowners who are out of a job or behind on their payments, but it will help those borrowers who are caught not being able to refinance because they owe more than the home is worth. These owners often don’t qualify for short sales or loan modification since they are current on their payments and have income. For those borrowers, HARP 2.0 will provide a welcome piece of good news.

Although HARP 2.0 will not help people who are behind on payments, there are other government and lender-based programs that can help these individuals as well. In these times of economic turmoil, job losses and real estate woes, there are more options available to homeowners who are in trouble than ever before. The key is that borrowers must contact their mortgage companies to find out about all of the possible options for their specific situation.

Even though the new program has expanded guidelines, the scope is still very limited.  It will have little or no impact on foreclosures or the estimated 6.4 million homeowners nationwide who are behind on their mortgage payments.

Lastly, please don’t forget! The Home Affordable Refinance Program is not meant to save a home from foreclosure. If you need foreclosure help, please contact us today!!

Want to find out if your loan is owned by Fannie Mae or Freddie Mac? We can answer any additional questions you may have and help you with your real estate needs.

Contact Short Sale Experts at (888) 746-7820 today. Our consultations are always free and no obligation.

HARP 2.0 – Music to a Homeowner’s Ears?

As Short Sale Experts we have become known as soldiers on the front-line and in the trenches in the fight against foreclosure, but this month we have an additional cause that we are supporting.

In observance of National Breast Cancer Awareness Month, Short Sale Experts, Inc. is pleased to reveal our new pink logo.  We will be “pretty in pink” and ready to celebrate our participation and connection with Susan G. Komen for the Cure to raise money for breast cancer research and community-based programs for breast health education and screening.

Short Sale Experts, Inc. will walk together as a team on November 18^th, 2011 is San Diego, CA to support our friends and loved ones on an amazing journey in the fight to end breast cancer! The Susan G. Komen 3-Day for the Cure® is a 60-mile walk over the course of three days. Net proceeds from the 3-Day for the Cure are invested in breast cancer research and community programs. We are actively pursuing our goal of $9,200 and would love your support. We are walking in honor of the survivors, and in memory of those who are with us in spirit. Please join us in this endeavor, whether you walk or donate time or money. It’s all in the spirit of a world without Breast Cancer.

Click to view our team page: http://www.the3day.org/goto/solesforacause

About Susan G. Komen for the Cure and Breast Cancer:

• The global leader of the breast cancer movement, Susan G. Komen for the Cure has invested more than $1.3 billion since inception in 1982.
• As the world’s largest grassroots network of breast cancer survivors and activists, Komen for the Cure promises to save lives and end breast cancer forever.
• Breast cancer research has led to successful discoveries including personalized treatments for the disease, but there is still much work to be done.
• Early detection is the key to increasing the chances of survival because when breast cancer is caught before spreading beyond the breast, the five-year survival rate in the U.S. is 98 percent.

Short Sale Experts, Inc. will walk together as a team to support our friends and loved ones on an amazing journey in the fight to end breast cancer! CLICK HERE TO SUPPORT US!

About Short Sale Experts, Inc:

Short Sale Experts, Inc. specializes in Short Sale Negotiations. We work directly with homeowners, mortgage

lenders, and REALTORS® to ensure a successful transaction which will get the home sold in the fastest, most

efficient way possible.

7 reasons to choose Short Sale Experts, Inc to handle your short sale

1. We have closed over 600 short sales since 2007.

2. We close over 95% of short sales we handle. The national average success rate is less than 40%.

3. Our average closing time is less than 3 months. Compared to the national average of 4 to 6 months

months, with over a quarter of short sales closing between 7 and 12 months.

4. We work with you on every aspect of the short sale process from start to finish.

5. Our team is local and highly experienced with short sales in California.

6. Our team is fully licensed and certified by 5 separate authorities.

7. We have an excellent network of contacts and trusted relationships with realtors, real estate

attorneys, certified public accountants and bank executives (even a few CEOs). We have most

likely dealt with your bank before.

You only get one shot at a short sale. So don’t take chances….

We are here to help you.

Call us today for your FREE consultation with NO obligation!

1.888.746.7820

 The new law, added Protections for Short Sale candidates  

The new law will give home sellers protection from deficiency judgments on all liens involved in the short sale. Now, when accepting the terms of a short sale, junior liens must waive their right to pursue a deficiency. The borrower will not be required to owe or pay any amount after the short sale. SB 458 contains an urgency clause making it effective upon signing.

The California Association of realtors applauds Gov. Jerry Brown on Signing SB 458 (Corbett) into law.

““The signing of this bill is a victory for California homeowners who have been forced to short sell their home only to find that the lender will pursue them after the short sale closes, and demand an additional payment to subsidize the difference,” said C.A.R. President Beth L. Peerce.  “SB 458 brings closure and certainty to the short sale process and ensures that once a lender has agreed to accept a short sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full and the homeowner will not be held responsible for any additional payments on the property.”

This may prove to be a step in the right direction for homeowners who are weighing their options and considering short sale vs. foreclosure.

How do you feel this new law will affect short sales in California? We would love to hear your feedback.

We can answer any additional questions you may have and help you with your real estate needs. Contact Short Sale Experts at (888) 746-7820 today.