Being in foreclosure is a bad place to be, here is a tip to help the process run a little less stressful.

If you find yourself in a situation of pre-foreclosure, you should get busy and call your lender to see if there are options to help you keep your home.  If there are none and a short sale is what you need, please be sure to get an agent that knows and feel comfortable doing short sales and working with your lender.  Do your homework and find an agent that can work for you. 

When considering selling you should be looking for an agent to handle this for you.  Your agent should know to look for "a quick close" in order to stay within the foreclosure time-line and deadlines.  Typically, this can be for less than fair market value, but can be of benefit to you because it is a quick "as is" sale with no real estate commission fees charged to you.  "AS IS" means you would not have to spend any money doing repairs, or spend time putting the house in perfect condition.  By selling your house as "as is" will usually bring about a quick sale and instantly stop the foreclosure and salvage your credit.

Please note: AS IS Short sales still require the normal disclosures to the buyer.

Short Sale:If you owe more than your property is worth and your lender accepts the offer you submit along with your financial situation.  Even if the property is over encumbered (if you owe more than it is worth) the property can still be sold through the process called Short Sale.  A Short Sale is the sale of a property when the lender accepts less than the full amount due them ( a short payoff) so that you can complete the sale with no cost to you.  Lenders prefer that you sell the house yourself because they will lose more money if they foreclose and have to sell the house themselves.

Here are some blogs to check out that will give you more information on the process:

The Raw Facts on Default, Pre-Foreclosure, Short Sale and Foreclosure

Short Sale: Do you have to be in default to get a short sale approved?

Need a Short Sale Specialist? 

Want to purchase a REO property?

Need information on the foreclosure process?

Give us a call today!  866-750-8282

For a FREE MARKET EVALUATION of your home Call us or visit http://www.motheranddaughterrealty.com/

Check out: Real Estate Terms/Definitions.  And take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Perfect Financial Solutions and we also focus in Short Sales and the Pre-Foreclosure process.  Our consultations are free.  Our aggressive marketing plan includes on-line listing advertising.  If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin County CA - includes Stockton, Manteca, Tracy, Lathrop) plus Stanislaus County CA - includes Modesto, Salida, Riverbank) & the East Bay (Alameda County CA - includes Hayward, Fremont, Newark, Union City & Oakland) and surrounding areas give us a call.  If you would like a FREE Home Seller or Home Buyer Handbook, please call us at 866-750-8282 or email at US.

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