If you are facing foreclosure and you can no longer afford your home, you may qualify for a Riverside CA Short Sale, even if you don't think you can or don't think your home can be sold in today's market.
What is a Riverside CA Short Sale?
A Riverside CA Short Sale, also known as a pre-foreclosure sale, is when you sell your Riverside home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your Riverside CA home and pay off all (or a portion of) your mortgage balance with the proceeds. You may also be eligible for the government's Home Affordable Foreclosure Alternatives Program (HAFA) which offers incentives for sellers to complete a short sale.
A Riverside CA Short Sale is an alternative to foreclosure and may be an option if:
What are the benefits of a Riverside CA Short Sale?
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IMPORTANT DISCLOSURE in compliance with the FEDERAL TRADE COMMISSION ("FTC") MORTGAGE ASSISTANCE RELIEF SERVICE ("MARS"): Before using this service, consider the following information - Coldwell Banker Kivett-Teeters Associates are not associated with the government and our services are not approved by the government. Seller acknowledges that the Broker/Agent is not qualified to provide financial, legal or tax advice regarding short sale transactions. Therefore, the seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement with their lender/servicer. If you stop paying your mortgage, you could lose your home and damage your credit rating.