A San Bernardino CA real estate short sale is a sale of a San Bernardino CA home in which the proceeds from selling the property will fall short, or not be as much, of the balance owed on the San Bernardino CA house because the property owner cannot afford to repay the full mortgage amount(s). In another words, the under-water homeowner sells the San Bernardino, CA home for less than what they owe on it. This is why banks must approve a short sale for the transaction to happen. This is also why an experienced real estate short sale professional should be used when selling short your San Bernardino CA home.
A San Bernardino CA short sale is often used as an alternative to foreclosure because it can save additional foreclosure and credit fees, costs and implications to both the creditor (bank(s) holding the mortgage(s))and the borrower(s)/homeowner(s).
Are you considering a San Bernardino CA Short Sale? First, remember this is nothing to be ashamed of; it is instead a strategic maneuver on your behalf to ensure a better financial and credit future. But with all decisions in life, make sure you pursue a San Bernardino CA short sale smartly. You must:
- Find an experienced and tough San Bernardino Short Sale Expert (That’s us!)
- Be diligent in your short sale process
- Educate yourself
So call us and let’s discuss your particular situation:
Call Now: (888) 9-List-It
That’s (888) 954-7848
We also have a Foreclosure Prevention Library that can provide you with extensive, easy to understand information about short sales and foreclosures.