San Jose CA – A short sale is the best option to erase upside down mortgage debt. A homeowner can often erase hundreds of thousands of dollars in debt.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
I assume that you are looking to short sale for the following reasons.
1. Debt Reduction. You want to short sale and wipe out the upside down debt. You can’t afford or don’t want to repay the upside down debt.
2. You are willing to suffer the resulting credit damage a short sale will bring. Part of your rational is that the credit damage will be well worth the resulting reduction in debt.
If you are going to suffer the credit damage, then you might as well wipe out the rest of your debt at the same time. Make sense?
Here are a few debts you can erase at the same time when you are short selling your house.
* Credit card debts. You can often re-negotiate better terms on your credit card debts. An interest rate reduction from 18% to 10% will make a huge difference on your monthly payments.
You can even just go “cold turkey” on these debts and just stop paying them at all. Many of them will settle with you for as low as 50% of the balance owed.
If you wait for 6 months, then you can sometimes settle for even less than 50%.
* Car loans. Many people have been able to negotiate a lower interest rate on their car loans. This results in a lower monthly payment.
* Other unsecured loans. You can re-negotiate better terms with these lenders or just stop paying them altogether. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at sccrealestateprofessionals@yahoo.comclicking">http://www.santaclarasfi.com/Short_Sale.html">clicking here.
Thinking about a loan modification? Our San Jose loan modification kit has the instructions you will need to get a loan modification approved with your bank. http://santaclarasfi.com/Loan_Modification_Secrets.html">Click here to request a copy.
Thanks for reading this, Guiseppe Matese.
Guiseppe is a Real Estate Agent at RE/MAX Santa Clara Valley.
Phone: (408) 292-0486. mailto:sccrealestateprofessionals@yahoo.com">sccrealestateprofessionals@yahoo.com>.
Helping San Jose Families Avoid Foreclosure
Guiseppe Matese specializes in loan modification assistance and short sales in San Jose California. San Jose Short Sales. San Jose Loan Modification Help. San Jose Short Sale Realtor. San Jose CA Short Sales. San Jose Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
This information on Short Selling Your San Jose House? Why Not Get Out Of Debt At The Same Time? is provided as a courtesy to our viewers to help them make informed decisions.
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist
I will tell you i have seen this firsthand. A recent short sale before we even closed was offered by 2 of their credit cards 0% interest and 60 even payments to pay off their cards.
That is huge rather than the card companies just default them to 30% and close them.
And I even saw American Express say if they could just start paying again, they would tack on the missed payments to the principal and not default their rate if they stayed on track for the next 12 months.
Now this in my opinion is a very nice offer.
Sep 18, 2011 02:40 PM
Comments(1)