If you are a homeowner in Lake San Marcos, San Marcos, Escondido or beyond who needs to sell, and if you owe more to the bank(s) than your property is worth, than you may need to participate in a short sale. In a short sale transaction, your real estate agent or a designated negotiator will negotiate with the bank(s) to forgive the difference between what you owe and the buyer's purchase price.
Through a process called a Short Sale, you can:
Sell your Home Quickly and Easily for Top Market Value
Avoid Foreclosure and Bankruptcy
Save your Credit
Walk Away from your Home with No Debt and Little or No Tax Consequences
Sound too good to be true? It's not!
If you need to sell your home, but owe more on your home than it is worth, a qualified short sale specialist can help you sell your home quickly, easily and for top dollar, without ruining your credit, going through foreclosure, or declaring bankruptcy.
You will pay absolutely nothing to sell your home, and you will owe nothing to your lender.
You will not have the stain of a foreclosure or a bankruptcy on your credit, and instead of having to wait up to 7 years to buy another home, you may be able to buy again within the next 24 months, or even less.
Many real estate agents may not be experienced in short sales. So it is a good idea to ask any real estate agent you plan to hire a few important questions about their success rate with short sales:
- How many short sales have you successfully closed?
- Have you closed any short sales with (your lender)?
- What is your success rate in obtaining approval letters from the lenders?
I'm not afraid to share that we have worked with all of the major lending institutions and we obtain approval letters 99.99% of the time. In fact, I can only remember one specific transaction where we could not get the job done.
Short Sales are time-intensive transactions that require detail-oriented processing in order to get the job done right. If your agent makes mistakes, gives up, slacks off or drops the ball at any point in the short sale process, you could very well wind up being foreclosed upon by your lender.
If you are thinking about selling your home in Lake San Marcos, San Marcos, Escondido or beyond and are participating in a short sale, please consider all of your options. Act quickly, however, because time is of the essence.