Short Sale Help in Moreno Valley
If you are a homeowner in Moreno Valley and are looking to Short Sell your home and need immediate assistance please (951) 833-3447.
Short Sale Agent in Moreno Valley
Leo Gonzalez is a Short Sale Real Estate Agent in Moreno Valley, With offices serving Moreno Valley
and Riverside areas, A short sale can be a time sensitive situation if you need immediate help please call
(951) 833-3447. If you just have general questions you can email GonzalezGroupSells@gmail.com. Otherwise this article can be very usefull when determining if a short sale is right for you.
There is hope, Life After Short Sale.
The rules of short sales have changed since they came around a couple years ago. A short sale can be little more difficult to handle now that home values in Sunnymead Ranch have rose to about $300,000. Back in the day just about anyone could short sale as long as they could prove a little loss of income. Because a short sale in essence is the short payoff that a bank will receive they more likely to let a home go into foreclosure because they recover more of their money in a foreclosure.
Is a Short Sale right for me?
A short sale is determined from a case to case basis. The best way to determine if a short sale is viable option for you is to first determine the value of your home. In Moreno Valley alot of the Short sale activity has gone away with most people who purchased a home in Sunnymead are actually in the "green'' or have equity. If you would like to determine the value of your Sunnymead home please visitwww.GonzalezGroupSells.com the rest would be up to the bank and determine if your financial situation to see if it fits their criteria, having a good realtor on your side also helps. For more information please call Leo Gonzalez.
To obtain a short sale in California, you must use a licensed real estate agent or company. This must be someone who has experience and knowledge in short sale negotiations. The good news is that we have a team of agents and negotiators at California Short Sale Solutions that are licensed and will do this for you at no-cost. How is this possible? The lender pays the listing commissions when your property is sold, and while the short sale process is occurring you are allowed to stay in your home.
Step 1: Determine if a Short Sale is Right For You.
Give us a call at 951-833-3447 and we can determine if a short sale is your best option.
Step 2: Obtain Required Documentation
Most lenders require specific documentation, and they don’t all require the same thing or use the same forms. Normally the first required document is a hardship letter, which is sent to the lender and explains why a borrower can no longer afford their monthly mortgage payments. The documents are gathered and sent as a package to the lender.
Step 3: Market the Property
We market market the home to potential buyers through various channels. You are allowed to live in the home during the short sale process.
Step 4: Negotiation of the Short Sale
Once there is an offer on your property, we submit the offer and paperwork to the lender and negotiate the deal. Negotiations can be tedious and take time. It’s best practice to continue to market your home and get backup offers because if your first offer was not high enough, the lender will counter and tell you they need a higher offer. An ideal offer is one that is close to the appraised value of the house.
During negotiations we will pursue relocation assistance through such programs as Home Affordable Foreclosure Alternatives (HAFA). The HAFA program offers up to $3000 in relocation assistance to qualified short sellers.
Step 5: Finish the Transaction
If the offer is in the neighborhood of the appraised value, most likely the lender will green light the deal. The next and final step is to begin escrow and close the transaction.
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