South Sacramento Area Short Sales!

What is a Short Sale? – Add the homeowner complete loan balance plus the total cost of selling the home (commissions, closing cost and liens, etc.). If the total cost to sell is greater than what the house is worth, you will have a short sale.

What is a HAFA Short Sale? To slow the tide of foreclosures, reduce the lengthy time frame associated with the “Short Sales” process and standardize the required paperwork, the government implemented the “Home Affordable Foreclosure Alternative Program” or “HAFA”. Its purpose was to bring uniformity to the Short Sale process.

What isSB458? Debt forgiveness in California! The governor of California signed into law Senate Bill 458. If you do a Short Sale in California, you will truly get a fresh start! Once a short sale closes escrow, your lender can no longer decide that they will pursue you for a deficiency balance or shortage in the future. If the lender allows your home to short sale, they are agreeing to accept the short sale balance as payment in full on all mortgage liens, senior and juniors.

Short Sale Certified (HAFA and CDPE), HUD approved and a licensed California Real Estate Broker, #01194604, RE/MAX Gold, (916)224-0482 and diane@SouthSacramento.com

“Benefits”
Why do a Short Sale? If you are having financial difficulties, this is a great way to walk away with dignity.	1st, 2nd and 3rd mortgage on your property? Desire complete freedom from the burden of so many monthly mortgage payments? SB458 will allow you to walk away with a fresh start.
Credit report should not be impacted as strongly as a foreclosure. A short sale will allow the home seller to re-enter the real estate purchase market in about 3 years.	Received a “Notice of Default”? Uncertain about your moving date? If you do a short sale you can remain in the property until the close escrow. For many, this will allows enough time to find a new residence.
Some lenders are offering monetary incentives to encourage the home owner to take advantage of their short sale program. “HAFA” a government based program and other Short Sale Lenders/Loan Servicers programs are offering homeowner from $3,000 to $30,000 for participating in their Short Sale program. The goal is to get the home owner to avoid foreclosure, a costly process for the bank.	Preapproved Short Sales are quickly becoming a part of the landscape. Some lenders are trying to reduce their foreclosure rate by contacting homeowners directly who are behind on their mortgage payments. They are generating letters that are encouraging homeowners to Short Sale as opposed to going into foreclosure. If you receive a letter find a Realtor quickly.
$0.00 out of pocket expenses and no up upfront fees from the home seller. Fees are paid out of the transaction.	Eliminate stress. Conversation with your lender will be minimal. Once hired, I will represent you and I will speak to your lender/lenders on your behalf. I will become your mouth piece.
“Qualifications”
Must have a documented financial hardship: Divorce, loan modification denied, loss of employment, reduction in work hours, excessive medical bills, behind on “HAMP” trial payment and mortgage payment getting to adjust upward, etc.	“HAFA” – must be a primary residence only Lender guidelines can vary. Some lenders have guidelines that will accept rentals and investments properties
Text, call or email. (916)224-0482, diane@SouthSacramento.com, SouthSacramento.com #01194604 Broker Associate	Diane Taylor, Certified Short Sale Specialist (HAFA and CDPE), (SRES) Senior Real Estate Specialist is a full-time licensed ”California Real Estate Broker” with over 16 years experience in the business. You can be confident that the sale of your home is being handled by a seasoned professional.