Do You Need a Short Sale Specialist?

• Are you facing a foreclosure?
• Are your mortgage payments too high?
• Do you owe more than your house is worth?
• Do you want to minimize damage to your credit?
• Have you experienced loss of income?
• Will your mortgage adjusts soon and you cannot afford paying skyrocketing rate?
• Do you want to sell your house but there is not enough equity?
• Do you want to avoid or stop a foreclosure and get a fresh start?

A SHORT SALE CAN HELP!!!

Unfortunately, short sales are a reality for homeowners who owe more than their property is worth. Flat or falling home prices, home-equity credit lines, 100-percent financing that sucked out equity, and spiking interest rates on adjustable mortgages are converging to create a regrettable, but expanding, niche for real estate practitioners: the short sale.

What is a short sale?

A short sale occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioners commission. The seller is unwilling or unable to cover the difference.

Some short sellers may also be in default on their mortgage loans and be headed for foreclosure. However, home owners who bought at the top of the market or who took out large amounts of equity with a refinance and who now need to sell because of divorce or job transfer may also find themselves upside down, owing more than the home is currently worth when closing costs are factored in.

Losing your home can be very emotional and most people don't want to face up to the reality until foreclosure sets in.

Serving West Covina, Covina, La Puente, Azusa, Pomona, Glendora, San Dimas, Via Verde, Fontana, Chino Hills, Chino, Corona and the greater San Gabriel Valley.