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Short Sale Help | Certified Distressed Property Expert | Garden Grove, Ca

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Real Estate Agent with United Realty DRE# 01835293

Short Sale Help | Certified Distressed Property Expert | Garden Grove, Ca

Thank you for taking your time to read this informative post about a short sale.

 

First of all, what is a short sale? A short sale is simply defined as the value of your home being less than the value of your mortgage. In other words, your home is underwater as you've heard this term used in the media. For example, let's say your mortgage is $100,000 and the home value is $90,000. A homeowner would be $10,000 underwater as an example.

 

After understanding the definition of a short sale, the next question to ask is, why would you as the homeowner pursue a short sale? Many homeowners understand the consequences of a short sale are lessened compared to foreclosure ones. There are major differences between a short sale and a foreclosure (Please read this previous post).

 

The one consequence that hits home for homeowners is being able to buy a home only 2 years after a successful short sale. If foreclosed, a homeowner would have to wait 5 years for a Fannie Mae primary residence loan. Furthermore, a homeowner's credit score would be less damaged in the end. 

 

Being a Certified Distressed Property Expert enables me to effectively assist you in the short sale process. Please contact me for a free consultation about short sales.

 

Thank you for reading.

 

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David Lee
DRE: #01835293

Phone: 714-869-5634
Email: Davidlee05@gmail.com
Website: www.livecypress.com

Serving the following cities: Cypress, Anaheim, Lakewood, La Palma, Cerritos, Buena park, Garden Grove, Stanton, Fullerton, and other surrounding cities.

I always have time to answer any questions you may have! Please send an email or text/call me for all your real estate needs!

 

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