Burbank Short Sale, San Fernando Valley Short Sale, Antelope Valley Short Sale, Los Angeles County Short Sale. Lupe Soto, Short Sale Agent with Results, 818-968-3718
What is a Short Sale or Loan Modification?
It's a great question, let's start with
SHORT SALE?
Sometimes it's not possible to modify the loan even if the borrower would like to stay.
Other times, the value of the home has dropped significantly and the borrower is "upside down".
In either case - if the resulting sale "nets" less than what is owed to all interested parties, the transaction is deemed a Short Sale.
If the borrower wishes to get out from under the burden of the property, or there is little other options, a Short Sale may be in their best interest.
While it is hard to determine the actual damage everyone agrees that a Foreclosure will have a devastating impact on the credit score for a very long time.
Most estimates say a Short Sale will result in a drop of 100 points and will have a negative impact for only a couple of years.
Request help with your Short Sale right now!
CONTACT LUPE SOTO
Lupe@HomesWithLupe.com
(818) 968-3718
LOAN MODIFICATION?
A loan modification is perfect many times for homeowners who want to stay in their homes. The idea is the Lender voluntarily decides to modify the terms of the loan so that the borrower can maintain their payments.
The borrower might be behind in their payments, might be in Default or Foreclosure, or might be current on their payments.
If the borrower wishes to stay in the property, they should examine the possibility of a loan modification or refinance, first.
A loan modification is one of the hardest negotiations for a homeowner to make.
The homeowner is instructed to talk directly to the Lender.
The problem is that often times the homeowner is directed to the collections department -
instead of the people who can actually modify the loan.
DO THEY DO THAT ON PURPOSE?
Endlessly waiting on hold, missing faxes, and unreturned calls are the rule when homeowners try to negotiate on their own.
We know who to talk to
We know what to say and what NOT to say.
This is what we do for a living.
Have you talked to your cranky Lender recently? The Lenders are usually happy when we call. They don't have to explain complex terms over and over again.
Instead, the are talking to professional negotiators who know.
It's a matter of efficiency for them.
A typical conversation with a buyer can easily last over an hour.
A conversation with us might take only minutes.
We come into the negotiations fully prepared. Not so when dealing with the public.
A loan modification is a long drawn out horror story for many.
We strive to make it as quick and painless as possible!
Check us out:
(818)968-3718
WE ARE PAID ONLY IF WE ARE SUCCESSFUL!
DON'T NEED HELP?
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If you or someone you know is thinking of buying or selling property in SFV San Fernando Valley or AV Antelope Valley (Palmdale/Lancaster), please contact Lupe Soto. Lupe lives in Burbank CA. Lupe knows Burbank Real Estate & San Fernando Valley Real Estate, loves Burbank & San Fernando Valley, and specializes in Burbank & San Fernando Valley area real estate. Reach Lupe Soto, Realtor at 818-968-3718 or by e-mail at Lupe@HomesWithLupe.com . Be sure to check Lupe's blog. www.HOmesWithLupe.com
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I agree with you completely.
Burbank Real Estate