http://www.OrangeCountyShortSalebroker.com | 949-306-8416 | If you or someone you know is in danger of losing their home to foreclosure in Rancho Santa Margarita, Contact me today! Jesse Madison is a Rancho Santa Margarita Short Sale Realtor who understands the impact a pending foreclosure can have on you and how doing a successful short sale can save your credit and help you get into a more affordable home in Rancho Santa Margarita.
Jesse Madison is a certified Short Sale Agent with a CDPE (Certified Distressed Property Expert) and SFR ( Short Sales and Foreclosure Resource) designation. He is an expert in regular short sales ( ie. Bank of America Cooperative Short Sales, Chase Short Sales, Wells Fargo Short Sales, etc.) and Fannie Mae and Freddie Mac HAFA Short Sales (GSE-owned short Sales), HUD pre-foreclosure sales. He can assist you with your Rancho Santa Margarita Short Sales and Realty Needs.
The success of your Rancho Santa Margarita Short Sale depends on many factors. Having a solid pricing strategy will help you prevent pitfalls and delays that could undermine your goal of successfully selling your home. If the price is not a market value price the bank may decline your sale and you could lose your buyer and need to start over. Proper initial pricing will help you avoid this costly mistake and prevent foreclosure. Remember it is a race against the foreclosure clock.
Thorough review of all liens against the property is a must. Once all lien holders are contacted you must successfully negotiate all terms and submit complete packages to all lien holders to obtain short sale approval.
There are many compelling reasons to do a short sale. Completing your short sale can save your credit and you may be able to purchase a home again in as little as 2 years. Many banks are now pre-approving Short Sales and are paying some sellers as much as $30,000 to cooperate with short sales ( Cooperative Program). Banks will also pay sellers closing costs on Short Sales.
Remember to ask your tax professional or accountant ( CPA) about Debt Forgiveness on short sales as there has been an extension to the Mortgage Forgiveness Debt Relief Act.
If you perform a short sale rather than foreclose on the home you will be on the fast track to real estate home ownership in just a short time. You do not have to be behind on your payments to qualify for a short sale. Give us a call today so we may help you with your real estate Short Sale recovery.
Jesse Madison, Broker