What Causes A Short Sale?

Sometimes a short sale is brought about because the homeowner borrowed more than he/she could afford to pay back and miscalculated his/her financial status. Often, the short sale arises because of an unforeseen change in the homeowner's life, such as a long-term illness, disability, divorce or loss of employment, which has dramatically affected the person's income such that the mortgage payments are no longer affordable.

What are the Benefits of a Short Sale?

When a Short Sale is achieved, there will not be a foreclosure.  A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years.  Many experts believe that a foreclosure is much worse than a bankruptcy.

Is a Short Sale right for me?

Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. If you are faced with a hardship that makes it likely you will be unable to meet your obligation on your mortgage, your lender would prefer to settle the matter with you as opposed to taking the property through foreclosure.

 As you consider the option of pursuing a Short Sale, remember your lender is looking to limit any potential loss on your loan. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure.

Remember your lender wants to work with you.

My services are FREE to the homeowner.

Time is of the essence!

Contact Ann ASAP for questions and answers to see if a short sale is the best option for you!

www.orangecountyshortsalerealtor.com    

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A Short Sale process should begin immediately.

Foreclosures and Short Sales are extremely time sensitive and consuming for negotiations. The sooner we can begin the negotiations with your lender, the greater the chances of a successful resolution. There is no need to wait until the lender sends you a notice of default or initiates formal foreclosure proceedings against you.

My services are FREE to the homeowner.

Time is of the essence!

Contact Ann ASAP for questions and answers to see if a short sale is the best option for you!

www.orangecountyshortsalerealtor.com

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• Are Your Mortgage Payments Too High?

• Do You Want Lenders to Stop Calling?

• Do You Owe More Than Your House is Worth?

• Do You Want to Dispose of Your Debt?

• Want to Minimize Damage to Your Credit?

• Suffered Loss of Income?

• Your Mortgage Will Adjust Soon and You Cannot Afford Paying Skyrocketing Rate?

• Want to Sell Your House But There is Not Enough Equity?

• Do you Want to Avoid a Foreclosure and Get a Fresh Start?

Contact Ann Urias an experienced short sale Realtor.

www.orangecountyshortsalerealtor.com

Phone 714-588-7676

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 NO CREDIT CHECK

$750 STUDIO FOR RENT (ALTA LOMA, RANCHO CUCAMONGA)

500 SQ FT STUDIO IN THE SUNSCAPE COMMUNITY.

Property Features: 2nd floor unit, balcony,brand new paint, new laminate wood floors, Close to Laundry Room, Covered Parking, Pool & Spa, Tennis, Peaceful Atmosphere, Nice Landscaping. Easy access to 210 & 10 Freeways, close to shopping & restaurants and Chaffey College.

NO DEPOSIT AND NO CREDIT CHECK!!!!!!!!  MOVE IN BY END OF DECEMBER!!!

CALL ANN AT 714 588 7676 OR EMAIL ME FOR MORE INFO

                                    ADDRESS: 8990 19TH ST UNIT 342                                        

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Location: ALTA LOMA, RANCHO CUCAMONGA

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Have you tried negotiating with your bank and been ignored or insulted?

Are you facing foreclosure or upside down?

I can HELP you.......

I negotiate with the banks to find the best solution for you. In fact, most lenders prefer to work with professionals. I take each homeowner's situation seriously and I am driven to negotiating a real solution.

Contact me ASAP to find out if a Short Sale is the best option for you!!

www.orangecountyshortsalerealtor.com for more information.

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Did you know?

99% of homeowners do not realize that it is not too late to stop the foreclosure and work out a win-win situation for both the bank and themselves. In most cases, your bank does not want to foreclose on your home.  I provide options and alternatives that postpone or even stop your auction entirely!  One option is a short sale in which I negotiate with your bank to allow you to sell your home fast and below market value, even if you owe more than the home is worth.

My Mission

To be the most ethical and professional solution for homeowners while minimizing the homeowners loses.  I treat the homeowner's unique situation as if it is my own, and strive to make the process smooth, easy and private while perpetuating honesty and integrity.

Contact Ann ASAP for questions and answers to see if a short sale is the best option for you!

www.orangecountyshortsalerealtor.com

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What is a Short Sale?

A short sale, also called "Short Pay" or "Pay Off", is a transaction that allows for the sale of a property for an amount that is less than the amount that is owed to the lender. The bank in return may accept the proceeds as full settlement of the debt.

What is Foreclosure?

Foreclosure is a process in which the estate becomes the absolute property of the lending institution. It is a termination of all rights of the homeowner covered by a mortgage.

TIME is very important....Contact me to see if you qualify!

www.orangecountyshortsalerealtor.com for more info!

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A Short Sale Can HELP Regardless of your Circumstance

Should I consider a Short Sale?

• Do you want Lenders to stop calling you?

• Do you owe more than your house is worth?

• Do you want to dispose of debt?

• Want to minimize damage to your credit?

• Suffered loss of income?

• Want to sell your house but there is not enough equity?

• Do you want to AVOID a FORECLOSURE and get a fresh start?

I can help you prevent the downgrading of your credit score while providing you A FRESH START......

www.orangecountyshortsalerealtor.com for more info

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All of the documentation needed to start a short sale is commonly called a "Short Sale Package" and is usually submitted by the investor interested in the property, the Realtor representing the seller, or the seller of the property. The package usually includes the following items:

Sample Short Sale Package (items may vary depending upon the lender):

• Cover Letter

• Authorization to Release Information

• Sellers Hardship Letter

• Seller's Financial information

• two years of current W-2's

• One month of current pay stubs

• two months of most recent bank statements

• Supporting Hardship Info - HOA liens, medical/disability statements etc.

• Repair Estimate for the property - If repairs are needed

• Comparable sales for the property

• Purchase Contract

• Estimated HUD

• Second mortgage holder may ask for a payoff amount from the 1st

• Lender may ask for proof of delinquent taxes

• FHA and VA may have their own forms and special requirements as well

If you hire an experienced short sale Realtor they will handle all of the above for you.

Short sales are free of charge to the seller. The lender will pay all the fees needed for the sale to move forward.

www.orangecountyshortsalerealtor.com

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ANSWER:

It depends on your lender

Here are a few banks that will allow you to do a short sale without being delinquent.

• Countrywide

• Wachovia

• Wells Fargo

Please remember that if you are doing a short sale and you are not currently delinquent the bank has no rush to approve your short sale. It could take 6 months to get it approved.

For more info on short sales go to www.orangecountyshortsalerealtor.com

List with an experienced Short Sale Realtor

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