la quinta short sale expertFor those of us who do a lot of Short Sales, it has become obvious over the past several years, that Short Sales are really a term for a "Managed Move-out".  Short Sales enable the Borrower to have some control over the loss of their home. 

Many of my first interviewes with potential Short Sale clients come about because they are so frustrated with their Lenders.  They have normally tried to work out Loan Modifications or Refinances, have filed and re-filed stacks of paper, talked to many different entities in their attempts to avoid Foreclosure.  We all know how this normally ends up..

Strategic Default is really just a way of lengthening your stay in your home for free, saving your monthly payments for as along as possible, then running.  The reality is that you might be hiding your head in the sand..the ostrich move.  Why not face the music?  You do not have to Short Sale your property without controlling the time frame.  Be smart. 

Short Sales are not for everyone.  When they are suitable for you, (and in California, they often are), call an experienced Short Sale List Agent.  By experienced, I mean an Agent that has references, can educate you about the process, has dealt with your Lender before, but does NOT give you legal advice nor steers you toward doing something you aren't comfortable with.

Educate yourself BEFORE you settle in for the Strategic Default ride.  It's killer on your credit and not knowing the time line is very stressful.  The Short Sale ride is not easy, but you DO know where you are in the process if you have a good List Agent.  Don't just toss your keys..think about it.  This is a BIG decision!

 


Kimberley Kelly, RealtorKimberley Kelly,   Luxury Properties and Short Sales in the Palm Springs Valley of California  

(760) 285-3578

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This post has been included in California Real Estate News Riverside County, CA Real Estate News Palm Springs, CA Real Estate News
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1 Comments on Managed Move-out VS. Strategic Default..be smart!

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872,262 Points Outside Blog Called Shot Master

Kimberley - Thank you for sharing detailed quality information on managed move-out vs. strategic default.
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Kimberley Kelly

La Quinta, CA

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HK Lane, Christie's International Affiliate, 760-285-3578

Address: La Quinta & The Palm Springs Valley, California , 760-285-3578, La Quinta, CA, 92253

Office Phone: (760) 285-3578

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