SHORT SELL YOUR HOME
Avoid Bankruptcy and Foreclosure!
Don't Pay Commissions, Negotiator Fees, or Closing Costs!
We do all the work! No hassling with your lender!
We understand the difficult financial and emotional place you are in. We will help you move on to build better memories, finally get a good night's sleep, stop the harassing calls, and save your credit.
Benefits of a Short Sale
Risks of a Short Sale
Do You Qualify for a Short Sale?
Why You Should Work With Us
Getting Started
More Information?
What is a Short Sale?
When a homeowner owes more on their home than they can sell it for, they may be eligible to hire an agent to negotiate a sale of the home with the lender. This is generally a better solution for homeowners than foreclosing on the property.
Benefits of a Short Sale
1. You can qualify for a Fannie Mae-backed home loan again in as little as 18-24 months, compared to 5 years for foreclosure or bankruptcy. And effective immediately, FHA is now providing loans the day after your short sale closes - if you have kept up on your mortgage payments. (Some additional conditions apply.)
2. Avoid a "foreclosure" on your credit report. In a short sale, only the late payments will show on your credit report, and after the sale of your home, your mortgage is normally reported as "paid as agreed."
3. Your senior lien holder (lender) will pay for the cost of the sale. That includes commissions, escrow fees, title insurance, delinquency property taxes, etc. There is no out-of-pocket expenses to you, the seller.
4. If you start working with your bank on a short sale, they may stop reporting missed payments to credit agencies.
5. On a foreclosure, it will remain as a public record permanently, and on your credit history for 10 years or more. A short sale is not reported on your credit history. Your loan will be typically recorded as "paid in full, settled."
6. A short sale doesn't challenge any security clearances. In a foreclosure, it can be a challenging issue, and in almost all cases, clearance will be revoked. This has significant consequences on anyone in the military, security, CIA, police, etc.
7. If your lender is Wachovia - contact me for information on their new fast-track program where we can sell your home in 45 days or less!!!
Want more information on the benefits of a short sale? Contact me today for a copy of "Foreclosure vs. Short Sale - Homeowner Consequences."
Risks of a Short Sale
One, at the end of the short sale, a bank may decide to pursue a deficiency judgment. It's my experience that this is not the norm. But I recommend that everyone who pursues a short sale seeks the advice of a real estate attorney. You do will still have options, and the attorney is the best person to explain those to you. I cannot give legal advice.
Two, there is potential IRS consequences. Most people are exempt because of the Mortgage Forgiveness Debt Relief Act and the IRS Insolvency exception. To date, I have not known of anyone that has had IRS consequences, but that doesn't mean it won't happen. If you have any questions about your situation, you should contact your tax consultant. Again, I cannot give you tax advice, nor should any other Realtor!
Concerned about the risks and want advice? Contact me for referrals for legal or tax advice.
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Do You Qualify for a Short Sale?
Not everyone qualifies for a short sale. A thorough evaluation can tell me if you will qualify.
Some of the questions I will need to ask you are:
1. What kind of hardship are you experiencing?
2. Has there been a change of income?
3. Are you current on your payments?
4. Are you able to remain current on your HOA fees, if that applies?
5. What kind of loan do you have?
6. How many loans do you have? Do you have a line of credit on your home?
7. Has your home been recently refinanced?
8. Have you filed for bankruptcy?
9. Have you been issued a Notice of Default? When?
10. What do you think your house is worth, and what do you owe on it?
Find out if you qualify for a short sale today. Fill out the Short Sale Questionnaire and submit it today!
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Why You Should Work With Us
The Sheryl Brown Home Selling Team is comprised of inpiduals specifically trained in handling a short sale. You will work with Certified Pre-Foreclosure SpecialistsTM, Certified Seller Representatives and experienced negotiators who work together to help homeowners at risk of losing their homes.
Personally, I got into this particular area of real estate because I am concerned about the growing numbers of homeowners deliquent on their mortgage payments who need legitimate and honest help. I have been through a foreclosure many years ago, and I still remember the hardship and stigma of it all. And I don't want that to happen to you!
My Home Selling Team includes a group of professionals (lawyers, tax consultants, negotiators, financial planners) to make sure you get the full attention that you need during these stressful times.
The 3 promises I make:
1. We will sell your home fast so you can move on with your life.
2. We will prequalify you to help ensure that your sale is feasible so you don´t waste time in something that won´t work. (Our track record for closing a deal is 85% or greater - the industry standard is 30%.)
3. We will help get your credit rebuilt so that you can purchase another home in 18-24 months!
So stop dwindling your savings or waiting for the bank to repossess your home. Contact me today at 760.639.0696 or fill out the Short Sale Questionnaire now to see if you qualify for a short sale.
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Getting Started
Timing is critical. Don't let your savings dwindle any further or wait for the bank to repossess you home! Contact me today to see if you qualify for a short sale, or fill out the convenient Short Sale Evaluation!
Or, if you prefer, you can contact the National Mortgage Consumer Counseling. And for a $60 fee, you can fill out an on line application to have your situation reviewed. They will tell you the difficulty level you may experience in completing a short sale and in getting a loan modification.
I really want to help you! I don't want to see one more family go through a foreclosure. Don't let that happen.
Fill out our Short Sale Questionnaire and find out today if a short sale is right for you!
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Required Disclaimer: Sheryl Brown and HomeSmart Realty West are not associated with the government and our service is not approved by the government or your lender. Even if you use our services, your lender may not agree to a short sale.
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Fill out the Questionaire to see if you qualify for a short sale:
Short Sale Questionnaire
Helpful information on short sales:
California Plan to Help Homeowners Facing Foreclosure Kicks Off
Seller Contributions - Be Ready
Should I Stop Making My House Payments?
Changes in 2011 with Short Sales
Click on the topics below to have FREE information emailed to you:
How to stop the bank from harassing me
Foreclosure vs. Short Sale
Tell me about the Wachovia Fast Track for Short Sales
Other solutions to Foreclosure
Timeline of a Foreclosure
Helpful articles on short sales:
LA Times - Banks Easing Up
New York Times - Another Foreclosure Alternative
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