We Make Short Sales Happen

What is a Short Sale?

The simplest explanation is that your home is worth less than what you owe on it, and you need to sell. If all lien holders agree to accept less than what is owed to them you might be able to perform a short sale.

How is a short sale different from a traditional sale?

In a traditional sale the owners pay for all aspects related to the sale of the property.  In a short sale the primary lien holder pays for our services out of their proceeds.  Performing a short sale is a process that has no financial cost to the current owner for our services, but all owners short selling will have some tax implications.

Interested in short selling, or would you like more information? 
Contact Stuart at (626) 274-6590 today to find out more!

“Can I Short Sale?”

There are many factors that determine your eligibility.

What kind of financing was used to purchase the home? Why do you need to short sale? Is it an owner occupied property?

We offer a free consultation in your home, or our office, to discuss your unique situation. Once we have the information above we can contact your lien holder(s) to discuss your eligibility with your written permission.

It is at this stage that we also begin to negotiate relocation monies for you directly from your primary lien holder. We know you will need a place to live after this sale is completed, so we do our best to make your transition as smooth as possible.

What are the benefits of a short sale?

What are the benefits of a short sale?

Most people that call us are usually behind in their mortgages by varying amounts for several reasons:  illness, death, job loss, etc.  Several clients  also took out lots of equity for whatever reason in the past, and their home value+economic situations did not improve as they had hoped.  Some people purchased at peak bubble prices, and their neighborhood values never recovered on top of everything else.  There are many factors that are at play with a short sale, but the most common benefits are usually the following:

  1. House Debt:  Freeing yourself of a property that may never recover to the value you owe is a huge benefit.  We see this with clients that were victims of predatory lending practices quite often.  A short sale gives you a chance to “start over” in many ways.  In a few years you would be able to purchase a new home again, and hope that things work out well for you the next time around.
  2. Mental:  Not knowing when someone will be knocking on your door to force you out of your home is stressful.  Doing a short sale allows you to know exactly how things stand, and when you need to leave by without anyone harassing you or threatening you.  If you are eligible for relocation monies through your short sale you are also in a better position to plan your new future.  Remove the stresses of uncertainty, and take control of your situation the best you can!
  3. Credit: Doing a short sale or going into full foreclosure via a trustee sale will hurt your credit score quite a bit.  Short sales typically hurt you less because your creditors have essentially agreed to forgive your debts.  Allowing a full foreclosure to take place means you were not willing to work something out, so it is generally viewed more harshly by the financial community.