Lic # 00583381

Short Sales


Marge Berry - 925-577-3849
Realtor Since 1997
Altera Real Estate



Short Sale Vs Foreclosure Vs Loan Modification  (Re-purchase in 2 years)

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 . . .

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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. Attorneyís 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 canít lend against an REO property because itís 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 sellerís remaining mortgage balance). 

Call Marge, Cell: 1-925-577-3849

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.