Just closed on ANOTHER Short Sale Home in Tracy, California...this time I brought the homebuyer! This 6 Bedroom, 3 Bathroom home with a 1,945 sqft. of living space and lot size of 9,405 sqft. with a pool. With a little love this is going to be a great home for this family!
Short Sales can still be a great buy for homebuyers...The Homebuyers were able to purchase this home UNDER market value! Purchased at $300,000 with closing costs paid by the sellers...appraised at $360,000! Talk about Instant Equity!
It literally took 4 months after the lender received the offer to accept the it. Lenders will much rather close on a short sale than have the home go into foreclosure. When purchasing a Short Sale it is difficult to know the length of time it’ll take the lender to either accept, reject, or counter the offer submitted. These homebuyers were committed to this house because it was in the location that they desired to live in.
It literally took 4 months after the lender received the offer to accept the it. Lenders will much rather close on a short sale than have the home go into foreclosure. When purchasing a Short Sale it is difficult to know the length of time it’ll take the lender to either accept, reject, or counter the offer submitted. These homebuyers were committed to this house because it was in the location that they desired to live in.
What’s great about Short Sales for the homeowners is that the sellers now have the opportunity to get this debt from under them. By completing a short sale in California, the homeowners were forgiven of their debt from the lender and they're will not be any federal or state tax implications. This was clarified through the IRS and California Franchise Tax Board.
In addition, homeowners will have the opportunity to receive a Relocation Fee of $10,000 for completing a HAFA Short Sale. The seller will also have the opportunity to purchase again within 2 years via a FHA loan. Of course, you will have to stay on top of your credit and possibly work on any other credit issues.
If you are experiencing financial difficulty and considering a short sale, contact us we are experienced and knowledgable in successfully completing a short sale. Our goal is to help distressed homeowners move forward with their lives. Feel Free to contact us at (209) 565-4399 and we can talk about The Short Sale Solution! I am an experienced Short Sale Agent and have a good short sale acceptance rate. Click here for some Frequently Asked Questions about Short Sales.
In addition, homeowners will have the opportunity to receive a Relocation Fee of $10,000 for completing a HAFA Short Sale. The seller will also have the opportunity to purchase again within 2 years via a FHA loan. Of course, you will have to stay on top of your credit and possibly work on any other credit issues.
If you are experiencing financial difficulty and considering a short sale, contact us we are experienced and knowledgable in successfully completing a short sale. Our goal is to help distressed homeowners move forward with their lives. Feel Free to contact us at (209) 565-4399 and we can talk about The Short Sale Solution! I am an experienced Short Sale Agent and have a good short sale acceptance rate. Click here for some Frequently Asked Questions about Short Sales.
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