Are you overwhelmed because Family illness or injury, Illness or injury in the extended family Ė particularly if it forces relocation, Job relocation when the property is equity deficient, Job loss or significant income loss, Divorce or split of domestic partners, Adjustment in mortgage payment or unforeseen increase in living expenses?
If you answered yes to at least one of the above you are not alone.
You need someone very familiar with the short sale process of specific lenders. Your agent can assist you with a comprehensive letter explaining why you are requesting a short sale and help you compile all the necessary documents needed to complete your request to the lender. You want to go in to a settlement knowing exactly all the terms and conditions on which the lender will accept the short sale, including whether or not you will have to come up with money at the settlement table. You are in financial trouble. If you have already missed some payments, your lender may already have reported this information to the credit reporting companies. You should try to convince the lender not to report any more delinquencies, but unfortunately, thatís in your lenderís sole discretion. The short sale process works, but is complicated, time consuming, and uncertain. If you can start now before you are actually in default you will be ahead of the game.
Email or call for a FREE-no obligation consultation to see if Short Sale is right for you and, or to check when is the next scheduled Short Sale seminar.
Bay Area Short Sale Specialists Phone: 650-860-3298