Foreclosure Short Sale in Murrieta
February 12, 2011
The current housing market and financial crisis in Murrieta have caused overwhelming stress and heartache for so many families in our community. In fact, 1 in every 64 housing units in Murrieta received a foreclosure filing in January 2011. So if you are facing the prospect of foreclosure, understand that you are not alone.
The statistics on Foreclosures in Murrieta speak for themselves.
Unfortunately, many homeowners in Murrieta facing foreclosure proceed without the assistance or advice of a real estate professional that specializes in short sales and foreclosure avoidance. Now more than ever, you need to find an advocate for you and your family's interests, an expert who is prepared to handle your specific needs.
I am here to help you in these difficult times. Solving Your Mortgage Crisis in Murrieta Just Got Easier...
Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past. I can guide you through this sometimes confusing process.
If you are considering short selling your home in Murrieta to avoid the financial and emotional fallout of foreclosure, you should be aware of the five steps you should take to increase your chances of a successful transaction.
First, do you qualify?
You must:
- Have a verifiable hardship, like unemployment, medical bills, or relocation
- Must have a monthly income shortfall
- Be insolvent (you have no cash or assets that can be sold to pay down the mortgage), or headed towards insolvency
If you are a Murrieta homeowner who meets these qualifications, follow these five steps to a successful short sale:
- Contact me so we can identify your servicer, fill out a short sale packet for the lender, and assemble all the required information needed to list your home for sale
- Gather financial information (i.e., bank statements, pay stubs) from at least the last three months
- Keep your house in showcase condition for showings, and make as many repairs as necessary and that you can afford
- Expect the lender, junior lien holders, and private insurance companies to request more paperwork, and try to gather requested information quickly to ensure transaction efficiency
- Set realistic expectations and work with me, the lender, and the buyer to the satisfaction and benefit of all parties involved
For more information about how the short sale process works, or about any other foreclosure alternatives you may qualify for, call me today. I specialize in the community of Murrieta and can help you alleviate the burden that the threat of foreclosure brings, and we can develop a strategy to help you breathe a little easier.
If you are a seller in Murrieta or one of the surrounding communities and would like more information on the short sale process and your options, contact Kristi Harden at 951-704-6370 or KristiHarden1@gmail.com. Together, we can identify all possible options and, when possible, as a CDPE, I can assist you in the quick execution of a short sale transaction.
~Kristi Harden
951.704.6370
www.StopForeclosureInTemeculaValley.com
Keller Williams Temecula Valley DRE: 01465200
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