Real Estate Information Archive

WHAT IS A SHORT SALE OF A PROPERTY?

A homeowner is "short" when the amount owed on his/her property is higher than the current market value.

A homeowner pays NO fees or commissions to do a short sale.

A Real Estate Agent preferably one who is certified as a Short Sale Specialist - lists your home for sale at market value and negotiates on behalf on the homeowner with the lender to accept the difference. The Real Estate agent handles all phone calls and interventions with the lender.

The lender/bank pays all fees and commissions associated with the sale of the property and the homeowner walks away with zero proceeds. 

A short sale has far less consequences on your credit rating and future purchasing of a home than a foreclosure. 

The New HAFA program is promising homeowners $1,500 towards moving expenses if a short sale is completed. In addition to a lender receiving a bonus for accepting a short sale. 

We are certified Short Sale Specialists - Please call us today to discuss your options.

Teri & Steve Goldbaum         818-515-2006

Let's face it - If not you, then you know someone who is dealing with the problem of possible foreclosure. Many homeowner's don't know what to do - and I have spoken with many Realtor's in the same situation and was surprised to find out that they also have mis-information and did not know what to do.

Did you know that a foreclosure is much worse than a short sale on your credit report?

Did you know that the seller pays no fees or commissions on a short sale? 

Did you also know that it is illegal to charge a fee for a loan modification unless they have a license to do so and is on record with the Department of Real Estate?  

Steve and I have created FREE reports to educate you and help you get the right information.

You can visit our website at:  www.preforeclosurehelp.org

and you can have these FREE reports:

"Your first steps to Avoid Foreclosure"      

"Truth about mortgage modification"

"Short sales explained"