Homeowners do you have questions about your home? Do you currently owe more money on your home than it is worth? Click here. If you have been thinking what should we do....here is a thought! Real Estate Prices go up and down, the scary thing is many positive thinkers are saying give a few years,.....who are they trying to kid? Real Estate is a 10 year cycle. If you are a homeowner and you owe more on your home than it is worth you have to decide if 1) you are planning to stay in your home for the long run and 2) can you afford to stay in your home for the long run?
Homeowners, if you made it pass the initial shock of reality and you do not want to take the chance of holding on to your home in fear of foreclosure, a short sale may be the best bet. A short sale is when your mortgage company agrees to accept a lower pay off then what you owe. Even if you have other liens against your home a short pay off is possible. If the first mortgage company is ready to sell your home on a Trust Deed Sale or you have not been paying your payment for 3 or more months you might be ready to consider a short pay off. In most cases the bank pays for the costs to sell your home along with any back taxes, HOA, etc.
We have found most lenders to be more than willing to work with agents who know how to package the short sale requests. Click here. Agents who package your request will ask for many of the items you provided when you secured your home loan. The best short sale professionals are ex-loan officers or processors because they know what the lender is looking for.
Many executive neighborhoods, in South County, communities such as Turtle Ridge and several areas in Newport Coast experienced great low purchase prices, but due to the refi boom took cash out of the equity to pay off debt or make purchases. With the drop in the market, by refinancing a home and taking cash out, the homeowners are now seeing that they owe more money on their home than it is worth!
This is were your triditional real estate agent may not be able to help! Using a professional who knows who to deal with the banks and can prove it with a track record is what you need. click here. Short sale Resolution Network will be closing one of its fastest short sales in Newport Beach, "Once we close, we will have closed a short sale from start to finish in less than 5 weeks, with two lien holders!" There is no reason a short sale should take more than 45 to 60 days, if house is priced right! Call us today, at 866-844-6873 or visit our website, the call is free!