Every homeowner in Bakersfield should be educated on their options to avoid a foreclosure in Bakersfield. Many options are available in Bakersfield to distressed homeowners however; short sales are becoming increasingly popular due to its abilities to assist homeowners in Bakersfield. Short sales offer cash back incentives in Bakersfield, a credit score that suffers far less than one of a foreclosure in Bakersfield and the assistance of a Bakersfield short sale specialist at no cost.
Something each and every homeowner in Bakersfield worries about is how their credit will be affected once a short sale all is said and done. The truth is, a short sale in Bakersfield itself may drop your credit score by 50 points, however it will the delinquent mortgage payments in Bakersfield that do the most damage; each missed payment ranging around 30 points. When you compare a short sales versus a foreclosure you will see that a foreclosure may lower your credit score by 300+ points and sit on your credit report for up to ten years. A short sale in Bakersfield will typically recover within two years while usually displaying "paid as negotiated" or "settled in full" on your credit report. A foreclosure in Bakersfield also has the potential to hold you back from a certain career path because it is not uncommon for employers to do a credit check before making a decision.
One of the greatest benefits of a short sale is having an experienced Bakersfield short sale specialist assisting you throughout your short sale. The goal of a Bakersfield short sale Realtor is to handle all negotiations on your behalf while working aggressively to get your home sold in Bakersfield. A highly qualified Bakersfield expert in short sales will be able to keep constant exceptional communication with all parties involved while offering their services to you, at no cost; your lender will typically pay all commission and closing costs. There is no reason to let your home in Bakersfield go into foreclosure when you have options available and professionals who dedicate their lives to helping distressed homeowner.
Miguel is a Real Estate agent at Miramar International INC 01736656, covering the greater Bakersfield area.
Phone: 661-717-5856
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Helping Bakersfield home owners avoid foreclosure with a short sale
Miguel Garcia specializes in short sales in Bakersfield. I am your Bakersfield Short Sale Specialist Realtor and Bakersfield loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.
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