We can help! 

If you find yourself in a position where you owe more than your home is worth and you need to sell, a short sale may be your best option.

First of all, It won’t cost you anything! No commissions, No fees!

You can check our past clients for references. We are not taking cases that we can’t close. Yet  No transaction has being foreclosed once we took the case, we are proud of our success rate!

"What is a short sale?"

Simply put, a short sale is a real estate transaction where the homeowner owes their lender more than what their property is worth and they need to sell. In a short sale, the lender must approve and accept less than what they are owed as full payoff (this means they may settle for $300,000, even if you currently owe them $400,000...even if the loss is hundreds of thousands of dollars).

Are you facing a financial hardship that you know will decrease your income?Are you getting behind on your mortgage and you're not sure if you can catch up? Or do you just need to sell quickly but your home is worth less now than when you bought it? If you are facing any of the situations above, foreclosure is not the only option, while a short sale might be your best option:

Why Should I Short Sale?

Assuming you are a homeowner and have some sort of hardship and do not want to stay in your home, you can short sale your house with your lender's approval. I mentioned above some of the qualification criteria, below please find the pro and cons of foreclosure vs short sale: 

If you decide to let the house into Foreclosure: 

• Foreclosures Stay with you for 7 years
• A foreclosure on your credit report will cause you to pay significantly higher rates for your next home, but also cars, credit cards, even insurance.
• A foreclosure on your credit report will require you to put more money down on your next home, but also cars and some apartments.
• Once the notice is given, the home owner will only be so for 30 days  and could face eviction as soon as 30 days.

A Short sale might be your better option:

• Most lenders will postpone or pause a foreclosure to allow you to do a short sale
• Does not devastate your credit score as much.Since short sales are not reported to the credit bureaus. Late payments yes.
• In your credit report your loan will reported either as " paid as agreed" or "paid as negotiated"
  
• Allow the homeowner to stay in the home while finishing the short sale
• Some programs don't require the home owner to make partial mortgage payments (HAFA has a min. payment provision)
• Eligible for  a FANNIE MAE backed mortgage loan after 2 years Vs 7 years after foreclosure
• Cost you nothing! The agents commission is paid by the bank.!
• Foreclosure might affect your future employment opportunities or job advancement.

You should consult a CPA for any tax consequences as a result of a short sale, we are not tax advisers! However most of our clients are declared insolvents for the IRS standpoint, therefore a CPA specialized in insolvency cases will be a great help.

Call us for a confidential consultation: (510) 490-8333 for a private consultation

And there's more........

A WIN -WIN Situation

A distressed owner may dispose a property that he cannot afford to keep through a  Short Sale which in some cases can postpone the Trustee Sale proceedings.

REMEMBER! 

NO COST TO SELL for the homeowner. Banks will pay all the commission,property taxes and other related expenses in most cases.

Saves the homeowners credit by eliminating the Foreclosure status in the credit report

Bank dispose the property clean of liens and without legal expenses at or below market value, avoiding legal lawsuits from their investors.

TAKE ADVANCE OF THIS WINDOW OPPORTUNITY!

 FOR A PRIVATE AND CONFIDENTIAL APPOINTMENT PLEASE CALL:(510) 490-8333