The Central Valley Living & Real Estate Team just closed on ANOTHER Short Sale Home in Weston Ranch in Stockton to our investor. This 3 Bedroom, 2 Bathroom home with a little over 1,000 sqft. sold over the asking price! With some elbow grease this home will be a great rental. This home is located directly across the street from an elementary school and within walking distance of Weston Ranch High School.
We are closing on short sale properties. Lenders will much rather close on a short sale than have the home go into foreclosure. This short sale took a span of 6 months to get an approval from both Ocwen and Carrington Resolution Services, but with some patience a homeowner is able to move on gracefully. By the homeowners completing a short sale and being forgiven of their debt from both lenders there will not be any federal or state tax implications. This was clarified through the IRS and California Franchise Tax Board.
In addition, homeowners will have the opportunity to purchase again within 12 months via a FHA loan. Of course, you will have to stay on top of your credit and possibly work on any other credit issues.
If you are experiencing financial difficulty and considering a short sale, contact us we are experienced and knowledgable in successfully completing a short sale. Our goal is to help distressed homeowners move forward with their lives. Feel Free to contact us at (209)565-4399.
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