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Short Sale "FAQ's" Part I

 

You Don't Have to Owe More than Your Home is Worth, let us help!

Managing a short sale is a complicated job. It requires a professional who will prepare the Short Sale Package for submission to your bank or mortgage holder. It requires knowing how to market your home fast and to achieve multiple offers. It requires a professional presentation to submit to the bank. To sell your home properly, you want a short sale agent who is experienced, knowledgeable, and a skilled negotiator, someone who will not only submit the short sale file, but follow-up until the bank accepts the offer. This may take several weeks to several months of hard work, and few real estate agents have the have the time or patience to do a professional job with your short sale.

You can count on us to take the time, effort, and due diligence to get the job done. That's what we do. We have successfully negotiated short sales with Countrywide, Wells Fargo, Wachovia, Indymac, First Franklin, Bank of America, Ocwen, Homeq, HSBCAurora, Citibank, Downey, and your current banker, we're sure. Tell us who your lender is, and we'll tell you about our last successful short sale with them.

Best of all, our services will not cost you your last reserves of cash. We are paid out of the escrow proceeds. You can count on setting yourself free from a mortgage on real estate whose value is depreciating every time a bank-owned or foreclosure sale closes in your neighborhood.

What is a Short Sale?

In a short sale, the proceeds from sale of your home are less than the total owed on the loans, thus the sale is "short" to the mortgage holder or holders, and to any other parties who have a claim against the property.  If you are currently delinquent in paying your mortgage, the lender is likely to send you a notice of default. This notice of default can result in foreclosure on your credit if you don't take action to resolve this process. If you have a delinquent mortgage, call us today.  A succesful short sale can stop the foreclosure process long enough for the bank and the new buyer of your home to come to an agreement.

Should I Short Sale?

House values have declined so far in certain markets that home owners are bewildered and frightened at being encumbered by a mortgage so far above what their home is worth. If you are unable to pay the mortgage now or if you can see the handwriting on the wall to the time when your interest rate increases beyond your capacity to keep afloat with your mortgage, a short sale may be the only smart option to avoid foreclosure. To walk away from the mortgage is the wrong choice, it assures foreclosure, which is the worst possible option. You want to save your credit as much as possible. A Short Sale enables you to 1) avoid a foreclosure, 2) avoid bankruptcy, 3) free yourself from mortgage debt, and 4) owe nothing for the sale and nothing to the bank..

How Do I Make the Bank Agree to a Short Sale?

Banks don't really want to foreclose on your home. To the bank, time is money. A foreclosure action is an expensive process, and your property will likely continue to decrease in value every month that goes by. If the home becomes vacant, or worse yet, vandalized, it will cost the lender more to put the home back in saleable condition. And in the end, the bank will still have to sell the property. We have mastered the art of presenting your short sale to the bank in this light. Don't wait for aNotice of Default. Even if there is no equity in the home, and there is no way to refinance, our team will show the bank they are better off accepting a short sale than foreclosing on your home.

Does My Home Qualify for a Short Sale?

We need to have certain facts about your mortgage, we need to know who your lenders are, if your mortgage is late, and the reasons you are in this crisis. With your participation, we can help you. But you have to follow through and call us.

How should I contact you?

If your mortgage is already overwhelming you, or you are expecting an interest rate reset, or you have received a Notice of Default, contact us NOW!!  Don't waste time.  Act fast! A successful short sale depends on you giving us the time needed to complete the many steps associated with a successful short sale. Hire a professional now. Read Part II

Call 1-858-602-7800 for a free Short Sale consultation

 

If you are looking to short sale in the following areas, please call us: Escondido, Otay Ranch,Chula Vista,Vista,San Diego,Spring Valley,Oceanside,Eastlake,San Marcos,Mira Mesa,El Cajon,San Miguel Ranch,Little Italy,Santee,Paradise Hills,Otay Ranch Village,San Elijo Hills,Eastlake Greens,Ramona,Clairemont,Rolling Hills Ranch,National City,Rancho Del Rey,La Mesa,North Park,Santa Fe Hills,Fallbrook,Encanto,Eastlake Vistas,San Ysidro,Rancho Del Oro,Eastlake Trails,Rancho San Diego,Nestor,Ocean View Hills,Normal Heights,Shadowridge,San Carlos,City Heights,Lemon Grove,East Village,Lakeside,Winding Walk,Mission Valley,Oak Park,Rolling Hills,Tierrasanta,University Heights,Poway,La Costa,Bay Terraces,Vista Pacifica,Rancho Penasquitos,Sunbow,North Escondido,Calavera Hills,College,Granite Hills,Carlsbad,Escondido Hills,4S Ranch,Discovery Hills,Discovery Meadows,Redwood Village,Rancho Coronado,East Escondido,North Park,South Park,Hillcrest,Jamul,Del Cerro,Savannah Terrace,Mesa Margarita,Imperial Beach,Valley Center,Point Loma,Alta Vista,Carmel Valley,Peacock Hills,Escala,Dictionary Hill,Scripps Ranch,Mission Village,College Park Gardens,Whelan Ranch,Rolando,Montgomery Palisades,Rancho Bernardo,La Costa Greens,Logan Heights,Campo Hills,South San Diego,Coral Gate,Rancho De La Nacion,Los Arbolitos,Lomas Verdes,Melody Park,University City,Bankers Hill,San Luis Rey Estates, East Lake,Carlton Hills,Mira Mesa Verde,Village Park,Westwood,La Jolla,Golden Hill,Terra Nova,Allenwood,Arrowood,Twin Oaks,California Terraces,Gaslamp,Santaluz,Hobart Knolls,Meadow Run,Country Club,Cimarron,Carriage House,condo short sales,Highland Park,Remington Hills,Lake Rancho Viejo,Hidden Meadows,La Jolla Colony,Paradise Valley,Hillsborough,Ivey Ridge,Vista Del Lago,Spectrum Center,Bernardo Heights,Rainbow Greens,Stonecrest Village,Valencia Park,Guajome Park,Alpine,Los Vallecitos,Talmadge,Felicita Villas,Mission Hills,The Woods,Oceanview Hills,Casa De Oro,Serra Mesa,The Summit,Lomita Village,Seven 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Point,Rancho Rios,eloan,Clairemont Mesa,College Park,Sunshine Gardens,Rancho Del Oro,Valley View Ranch,Creekside Estates,Villa Aspara,Los Alisos,South Crest,Rancho Pacifica,Indigo,East Side,Woods Valley,Rancho Penaquitos,Mayberry Estates,Cortez Hill,Paradise Gardens,Heritage,San Elijo,Olde Carlsbad,Vista Valley,Sun Gold,Serramar,Blossom Valley,Rancho San Geronimo,Pinery Grove,Fashion Valley,Travata,Tres Lomas,West Escondido,Rancho El Cajon,Rexview Estates,Bressi Ranch,Villa Portofino,AllureSabre Springs,Granite Hills Colony,Bay Terrace,Silver Crest,North Pacific Beach,Guajome Meadows,Vista Mesa,Rancho Verde Heights,South Bay Terrace,California Summit,Blossom Walk,Kent Ranch,South Bay,Fire Mountain,Dennery Ranch,Sandalwood,South Chula Vista,Colinas De Oro,Torrey Highlands,Mesa Loma,Mar Vista Terrace,Knollwood Park,West Hollywood,Mirabella,West Chula Vista,Cantabria,The Grove,Downtown San Diego,Carol Estates,Stone Canyon,Crestwood,Lake Morena,Creekside Village,Timberlane,Cottonwood,Ballpark,Rolando Park,Pacific Hermosa,Mira Costa Mesa,Del Coronado,Cosgrove Park,Crown Point,Bostonia,Mission Hermosa,Park View Estates,Woodglen,North Encanto,Vista Estates,Summit Place,North Bay Terraces,Summit At Eastlake,Hillsdale,Fashion Hills,Penasquitos Villas,Orchard Creek,Highland Park,Sunridge,Pine Valley,Chollas View,San Marcos Woods,Columbia,Coronado Ranch,Riviera Del Sol,El Cerrito Heights,San Miguel,Vista Knolls,Emerald Estates,Oakhill,Seabreeze,Bay Manor,Avocado Estates,Mesa Summit,Aragon,Vista Madrone,Chula Vista Gardens,Summerhill,Brookside,Renaissance,Liberty Station,Vista Point,Coronado,Emerald Hills,Cindy Park,Cielo,Quail Ridge,Bay Shores,Villa Monterey,Las Piedras,Aviara, refinance, sell home, list home.


Our offices are located at 10650 Treena St., Suite 103, San Diego, CA 92131. Our telephone is 858.693-5404. We value your patronage, and the trust you have placed in us. We are committed to earning and maintaining your confidence.

 

 

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 Goldman & Klein works hand in hand with Affinity Financial and Positive Real Estate to help you with all your real estate needs. You will be telephoned within the next 24 hours. Remember, a short sale actually saves your credit. It is treated by your lender as a "settlement of a debt", and as opposed to a foreclosure, it is infinitely easier on your credit. We have helped hundreds of homeowners save their credit, and be ready to buy again within 24 months.

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