SAN FERNANDO VALLEY SHORT SALE REALTOR NO COMMISSION Short Sale VENTA CORTA

SHORT SALE INFORMATION FOR BUYERS - WHY PAY FULL PRICE?

BUYING A SHORT SALE - Profile Perfect Short Sale Buyer - English/Spanish  - Se Habla Espanol

LIST OF SHORT SALES READY TO BE SOLD UNDERVALUE 10% to 50%, click here

Take Advantage of the current housing market!  The bubble has burst, and home prices are better than they have been in years!  NOW is the time to buy!  Buying a short sale home, condo, townhouse or property is a great opportunity to purchase a home for 10% - 50% below market value.  When buying ashort sale homoe it is important to have a REaltor who is experienced with short sales. 

Buyers pursue short sales to get a good deal. So when you see a price listed for a home that you think is too low for the neighborhood, before you jump on that price like hot fudge on a sundae, ask your agent to call the listing agent to find out if the home is a short sale. With the majority of single family homes and condos being listed as "short sale" in the Burbank, San Fernando Valley, Palmdale in AV Valley, Los Angeles County, buyers are considering this type of listing more often. A "short sale" is a property listing where the owner owes more than the homes' current value, but still desires/needs to sell. Unfortunately, this is not an uncommon position for sellers in Burbank, San Fernando Valley, Palmdale & AV Valley in Los Angeles County, CA. Due to the wild swings in property values caused by the housing boom and bust, many homeowners find themselves in this position. While many attempt loan modification, for owners who must sell due to divorce, job loss, or job relocation, a short sale is often a better option than foreclosure or sometimes bankruptcy.

After listing as a short sale, the owner accepts offers subject to lender approval. The lender must then approve less than the loan balance as payoff and allow the transfer of ownership to the buyer. The process can take as long as 90 days. And even though you may have waited 90 days, the short sale still may still not be approved by the lender. There are many factors that could affect whether the bank accepts the short sale. And buyers should keep in mind that in this market, even the short sales are garnering multiple offers. Typically, the best time to step into a short sale is when it first hits the market, or right after another buyer walks away. Often, a short sale can look a lot like musical chairs with buyers getting tired of waiting and new buyers slipping into their seat.

Buyers should analyze likelihood of success before getting caught up in a short sale. They should get a preliminary title report on the property to determine if there are any additional liens on the property besides the mortgage loans, as this may complicate matters. They should be aware that if there is more than one loan on the property with different lenders, the short sale may also be difficult to accomplish. An experienced short sale Realtor can help guide you through this process.

If you would like information or a list of available bank owned homes for sale, foreclosures, condos, or short sales in Burbank, San Fernando Valley, Palmdale & AV Antelope Valley in Los Angeles County, CA, send an email to me at LUPE@HomesWithLupe.com You can also search for properties on my websites: www.HomesWithLupe.com www.CasasConLupe.com. If you have questions about a specific property, or would like to set up an appointment to consult about a possible SHORT SALE of your property, I can be reached at (818)968-3718

SHORT SALE INFORMATION FOR SELLERS - SHORT SALES DO CLOSE -

WHAT IS A SHORT SALE?

A short sale is the process through which your mortgage company agrees to settle for less than what is owed to them. They do this as an alternative to the expensive and time consuming process of foreclosure. Each mortgage company has their own set of processes through which they decide whether or not to accept a short sale, and while there are many similarities, each has its own requirements for approval. As a third party mediator, we have a distinct advantage in negotiating with your mortgage company.

First you will need to fill out the application forms that we will provide to you. Once all of the forms are completed and faxed back to our office we can then open a case file and begin the process of analyzing your situation and making contact with the mortgage company.

Once our staff has made contact with the mortgage company, they will issue a "work~out package". This is the lenders list of instructions and requirements for considering a short sale.

Some of the things they will likely require are:

Full disclosure of your current financial situation.

Hardship letter.

Last 2 pay~stubs for all working borrowers (including L&I and unemployment benefit.).

Last 2 years tax returns.

Last 2 bank statements.

Last 6 months of Profit and Loss statement (if self employed)

Authorization to disclose personal information

SHORT SALE PROCESS

The short sale process can be very confusing because it is not as common as a regular real estate transaction. Typically the short sale process takes longer because you have to deal directly with the bank and gain their approval to sell the home. When a client makes an offer to purchase a real estate short sale they do not have the benefit of getting a quick response like they would from a regular seller.

The short sale process begins with the client having to show that they are eligible for a short sale. All lenders typically require 2 years of tax returns, 2 years of W2's, most recent month of bank statements for all accounts and a hard ship letter. The process of getting approved for a short sale is the exact opposite of what a borrower goes through when they are trying to obtain financing. When a borrower obtains financing they have to show that they can afford to make the mortgage payments. When a seller is trying to get the bank to approve them for a short sale, they have to show the bank that they have made every attempt possible to try and make the payments. If a lender sees that they have other liquid assets they will not be very likely to help a seller out and approve them for a short sale.

The lender will likely require additional information, which we will collect from you, and review before submitting it to the lender. It is very important that you or your client not discuss anything with the lender from here forward. Should you or your client be contacted by one or more of the lien holders, please inform them that "The short sale Company" will be handling all negotiations, and that you would prefer they not contact you any further.

LOAN MODIFICATION:  Homeowners be aware of scams! Help is FREE!. MakingHomeAffordable Video, click here  Learn more about how to modify your loan, visit www.MakingHomeAffordable.org  EN ESPANOL Modificacion de su Hipoteca haga click aqui, Solicite una modificacion de su prestamo, aprenda los pasos a seguir, envie las formas y documentacion a su banco y recuerde de llamar semanalmente a su banco para ver si lo recibieron y para averiguar el proceso, el exito esta en hacer el seguimiento, si necesita ayuda puede contratar los servicios de Lupe Soto, is a registered www.Naca.com Realtor assisting buyers and sellers.

 ***EN ESPANOL *** 

 ¿Que significa una Venta Corta o Pre Foreclosure Sale?

Una venta corta es cuando un prestamista acepta un descuento en una hipoteca para evitar una subasta o una bancarrota posible de la ejecución de una hipoteca. Mientras la propiedad está en transmite de compra, la aprobación del prestamista del contrato y de los términos llega a ser necesaria como deben aprobar la propiedad descontada. Por ejemplo...un dueño de una casa tiene una hipoteca existente de $300,000. El comprador escribe una oferta de $220.000, esta oferta es aceptada como pago completo del préstamo. Esto es una VENTA CORTA.

Es mejor hacer una venta corta cuando la propiedad está en el estado de la PRE-ejecución de una hipoteca porque a los bancos no les conviene tener exceso de inventario de préstamos y menos cuando son, préstamos negativos en sus libros.

¿Qué sucede al crédito del vendedor cuando hace una venta corta?

 Lo qué sucede típicamente es que en el informe de crédito el préstamo demostrará haber sido "pagado". Sin embargo, habrá una notación que indique "préstamo pagado a menos del valor original" o algo por estas líneas. Es más favorable que un dueño de una casa entre a venta corta que tener una ejecución de una hipoteca en su informe de crédito.

¿Puede un dueño beneficiarse de una venta corta?

El vendedor no puede beneficiarse (con dinero) de una venta corta de la PRE-ejecución de una hipoteca.

¿Cómo pueden afectar las bancarrotas en las posibilidades de hacer una venta corta?

 La mayoría de prestamistas de hipotecas no considerarán una venta corta si el dueño de una casa está en bancarrota porque negociar una rentabilidad de venta corta es considera una actividad de colección. Las actividades de colección se prohíben durante una bancarrota.

¿Cuando un dueño de propiedad ya esta en el proceso de la PRE-ejecución de una hipoteca, cuando es lo mas tarde que se puede comenzar una venta corta o el proceso de reducir el préstamo original que se debe en la hipoteca?

 Estando en el proceso de PRE-ejecución permita por lo menos 90 días para que se efectúe una hipoteca aprobada y pueda poner la propiedad en venta corta.

 *Siempre consulte con su contador acerca de posibles responsabilidades de impuestos

ATENCION COMPRADORES DE CASAS - POR QUE SHORT SALE VALE LA PENA?

LISTA DE CASAS O CONDOS EN VENTA CORTA O SHORT SALE, haga click aqui

 Los compradores o Buyers buscan comprar una venta corta para obtener un buena oportunidad, si usted esta pre-aprobado para un prestamo FHA y requiere que le ayuden con los gastos de papeleo, entonces un Short Sale puede darle la oportunidad de comprar una propiedad, consulte con un Realtor que se especialice en Venta Corta.  Cuando vea que el precio de una casa esta listada por debajo del precio normal, por favor consulte con su Realtor para preguntar si es una casa o condo en venta en Venta Corta o Short Sale y explicarle el proceso, los beneficios y el tiempo de espera antes de que pueda cerrar la transaction.  La consulta es gratis, llame a Lupe Soto, Realtor de Venta Corta, Negociadora de Venta Corta (818)968-3718

SHORT SALE BUYERS & SELLERS - NO COMMISSION - AT NO COST TO YOU! in Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lake View Terrace, Mission Hills, North Hollywood, North Hills, Northridge, Panorama City, Pacoima, Porter Ranch, San Fernando, Reseda, Sherman Oaks, Studio City, Sylmar, Sun Valley, Sunland, Shadow Hills, Toluca Lake, Topanga Canyon, Tujunga, Valley Village, Valley Glen, Van Nuys, Universal City, West Hills, Winnetka, Woodland Hills. SANTA CLARITA VALLEY:  Valencia, Canyon Countyr, Castaic, Acton, ANTELOPE VALLEY:  Palmdale, Lancaster, Littlerock, Lake Los Angeles (se habla espanol)

 VENTA CORTA - SIN COSTO ALGUNO, LLAMEMOS LA CONSULTA ES GRATIS  (818)968-36718 Lupe 

 SHORT SALE LISTINGS AVAILABLE - Short Sales Do Close!

CONTACT LUPE, click here

=======================================================================================

Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lake View Terrace, Mission Hills, North Hollywood, North Hills, Northridge, Panorama City, Pacoima, Porter Ranch, San Fernando, Reseda, Sherman Oaks, Studio City, Sylmar, Sun Valley, Sunland, Shadow Hills, Toluca Lake, Topanga Canyon, Tujunga, Valley Village, Valley Glen, Van Nuys, Universal City, West Hills, Winnetka, Woodland Hills. SANTA CLARITA VALLEY:  Valencia, Canyon Country, Castaic, Acton, ANTELOPE VALLEY Palmdale, Lancaster, Littlerock, Lake Los Angeles.

 Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lake View Terrace, Mission Hills, North Hollywood, North Hills, Northridge, Panorama City, Pacoima, Porter Ranch, San Fernando, Reseda, Sherman Oaks, Studio City, Sylmar, Sun Valley, Sunland, Shadow Hills, Toluca Lake, Topanga Canyon, Tujunga, Valley Village, Valley Glen, Van Nuys, Universal City, West Hills, Winnetka, Woodland Hills. SANTA CLARITA VALLEY:  Valencia, Canyon Country, Castaic, Acton, ANTELOPE VALLEY. Palmdale, Lancaster, Littlerock, Lake Los Angeles.

 San Fernando Valley Short Sale - Short Sale in San Fernando Valley, Burbank CA Short Sale Reator, Short Sale Agent, Short Sale Listing Agent, Short Sale Negotiator, VENTA CORTA Agente, San Fernando Valley Short Sale, Antelope Valley Short Sale, Santa Clarita Valley in Los Angeles County Short Sale. Lupe Soto, Short Sale Negotiator with Results, 818-968-3718. Lupe Soto is a licensed Realtor DRE # 01380599