San Jacinto Short Sale Process

By
Real Estate Broker/Owner with Garrigus Real Estate CalBRE# 01844442/01844441

San Jacinto Short Sale Process - San Jacinto Short Sale Agents

What Is A San Jacinto Short Sale, And Why Would A Bank Consider It?

 Simply stated, a San Jacinto short sale occurs when the bank accepts an offer on your home that is less than what is owed on the mortgage. For example, let’s say you owe $300,000 on your home in San Jacinto, and the market value is $150,000. Our San Jacinto short sale agent team lists the property for sale, and receives an offer of $150,000. Basically, we are “shorting” the bank $150,000. In doing so, your lender will “forgive” the debt and allow you to move on with your life.

Banks accept San Jacinto short sales because they are better for their bottom line, when compared to foreclosure. A typical foreclosure will cost the bank anywhere from $15,000-$50,000 in legal fees, maintenance costs, utilities, etc. A San Jacinto short sale not only recoups more money for the lender/investor, but also keeps them from potentially having another home in their inventory. Remember, banks are not in the business of owning homes.

A San Jacinto short sale may be your only option and you may qualify for the Temeclua Short Sale. We have set up a Real Estate Short Sale Formula to help you determine if you are eligible for this option.

After years of completing short sales for our clients, we have assembled a collection of short sale approval letters to get an idea of what we are looking for when handling San Jacinto short sales.  As you will see, our main priority is to make sure that our sellers avoid any potential deficiency issues when completing a short sale and avoid any out of pocket expenses.

We can answer these and any other questions you may have:

•What are the benefits of a short sale versus a foreclosure?

•Is a San Jacinto short sale right for me?  Do I qualify for a San Jacinto short sale?

•What is the San Jacinto short sale process, and how long does it take?

•Why won’t my lender modify my loan?

•Can my lender come after me for a deficiency?  Will there be tax consequences for my San Jacinto short sale?

•Why should I hire Garrigus Real Restate for my San Jacinto short sale?

Lastly, if you provide us with your contact information and the name of your lender, we will send you any updates that may pertain to your specific situation. Some lenders may have guidelines or incentives that are unique, and these tend to change regularly. As we are notified of any such changes, we may touch base with you, so that you know where you stand. We will never send you unsolicited mail or in any way harass you or pass on your information to anyone.  Everything you share with us will be kept in the strictest of confidence.

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Consumer Resources for San Jacinto homeowners:

Call Now (888) 9-List-It.

That's (888) 954-7848.

 

That’s (888) 954-7848.

Posted by

Todd & Devona Garrigus

Broker / REALTORS®

951.490.3698 | Direct for Todd
951.490.3683 | Direct for Devona

www.GarrigusRealEstate.com
CalBRE# 01844442/01844441

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Topic:
Home Selling
Location:
California Riverside County San Jacinto City Of San Jacinto
Groups:
Realtors®
southern california real estate agents
Short Sale Specialist Network
San Jacinto CA Real Estate
Southern California Real Estate
Tags:
ca
process
san jacinto
short sale
san jacinto short sale process

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Todd & Devona Garrigus

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