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WHAT IS
BETTER OPTION?
Short Sale Vs Foreclosure Vs Loan Modification
Losing your home due to an inability to keep up with your house
payment is one of life's most unpleasant experiences. it is
also an event that keeps on affecting you long after your home is
history by devastating your credit score . . .
Please click on the continued link>(continued)
SELLERS:
If you are
facing a possible foreclosure, let me explain and then help you with
a Short Sale. Don't give up hope and do
nothing.
I will help you, step by step, get your home on the market, and
discuss a
suitable home to rent or lease. To get started, call me for a free list of
SOLD homes in your neighborhood.
925-577-3849.
NOTE:
With a
short sale, a
lender agrees to accept less than what is currently owed on the
property, allowing a homeowner to sell their property quickly and a
buyer to buy a home for less than its original price.
Given that this area has been a sought-after area because of its, consistent neighborhoods, first-time
Buyers as well as Investors who have the means often
jump at the chance to obtain a reduced- priced home.
Lenders prefer short sales
to foreclosures for two very important reasons. The first and
most obvious is because a foreclosure represents a greater loss
to the lender. Attorney’s fees, trustee fees, holding costs and
maintenance outlays continue to add to mount as the lengthy
process continues. Second, banks are in the money business and
they can’t lend against an REO property because it’s a
non-performing asset.Even though a short sale is more beneficial for all parties
involved, a number of issues typically crop up that either delay
the closing or prevent it entirely. Therefore, it is important
that you work with a Realtor who is a Short Sale Specialist.
NOTE:
California loan modification
plans have slowed down short-sales in the state, but the volume of
homes sold for less than the balance of the loans is still
abnormally high. (Ask me for a link to a video on YouTube about
the scandal on loan modifications--ie, banks are making too much
money on Short Sales and foreclosures to modify your loan). Scores of delinquent home loans have grown much
more dramatically than those falling into foreclosure in recent
months, shifting the focus of California home buyers away from REO
homes and toward SHORT SALES (complex deals in which a lender
forgives most or all of the seller’s remaining mortgage
balance).
Call Marge,
Cell: 1-925-577-3849
marge_berry@hotmail.com
http://www.usneighbor.org/shortsales/
Ask
Marge
for her online
Tax Articles, and information on HAMP, HAFA, Short Sale Facts,
Articles by Attorneys, etc. (to help you make a more informed
decision) However, please Send you phone number, as she will need to
talk to you briefly first, if she has not already spoken to you. |
Short Sales