Confused About Today’s Mortgage Loan Crisis ?
If so, it is not your Fault. The good news is, we have the Solutions, Experience and Determination that will eliminate your home mortgage debt problems, protect your loan worthiness, and allow you to get on with your life in a dignified and hassle free manner. We are Alameda County’s leading Short Sale specialists, and Our Services are FREE to You.
You’re NOT Alone ! California’s Severe Economic & Real Estate Recession has hurt Thousands of Bay Area Home Owners.
You are not alone, and it’s not your fault. Due to the poor local real estate market in Northern California, and the nationwide Mortgage loan crisis, many California homeowners find themselves unable keep up with their increased mortgage payments, and many times the mortgage loan debt is more then the home is worth… in other words – No Equity left in the property. Many home owners are unable to modify the loan, nor re-finance the home. Unfortunately, many homeowners give up, because they think there is nothing they can do to stop the Foreclosure of the home. Well, there IS something you can do that’s far better then a Foreclosure… it’s called a Short Sale.
What is a Short Sale ?
A short sale is transaction in which the bank(s) accepts a discount on their mortgage to allow a sale, and thus avoid foreclosure or bankruptcy. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $500,000. The market value of the home is $350,000. The Mortgage Bank agrees to wipe out $150,000 in mortgage debt, and accepts the offer for $350,000 and the home is sold.
Today in California, 50% of all Mortgage Loan Foreclosure solutions with Banks are resolved through the Short Sale method. 18% are resolved by a loan modification.
During a Short Sale, our Team of experts have persuasive negotiations with your mortgage Banker(s), on your behalf. Utilizing our expertise and vast experience, we are able to convince the Mortgage Bank(s) to reduce your loan balance on the home, in most cases. This allows us to then sell your home quickly to another Buyer, versus allowing the Bank to Foreclose on your home which would ruin your credit and cause undue embarrassment. You may ask yourself "Why should I care, for I have no more equity left in my house ?"... Well, the fact is there are several important reasons why a Short Sale is far better for you compared to Foreclosure... Here's why:
What are the Advantages of a Short Sale ?
1.) Less Damaging to Credit Rating: A Foreclosure will severely damage ones credit rating for 7 years, but a Short Sale is less damaging and its effect does not last as long.
2.) Major Banks are Encouraging Short Sales over Foreclosure: Fannie Mae (FNMA) recently changed their underwriting policy so that a past home owner now has to wait 5 years after a Foreclosure before FNMA will underwrite a new loan. If the homeowner conducted a Short Sale the wait time is just 2 Years! Freddie Mac also offers participating Banks a $2,200 incentive to conduct a Short Sale versus Foreclosure.
3.) Probable Relief from HELOC 2nd Mortgage: When the 1st Mortgage Bank forecloses, the 2nd TD HELOC loan is not deleted from your debt. The 2nd TD HELOC Mortgage Bank may take legal means to collect their debt after the Foreclosure. With a Short Sale, we negotiate with both lenders to highly reduce or totally eliminate the HELOC loan debt.
4.) Dignified Solution: With a Short Sale, we sell your home just like your neighbors have done. Itâ€™s a dignified resolution to a tough situation. On the other hand, after a Foreclosure, a Sheriff performs a lock out, the grass turns brown, and a Bank Sales Rep places 'Bank Foreclosure For Sale' signs in front of the property for your neighbors to see.
5.) Much Shorter Delay to Renewed Loan Worthiness: We have established an association with a National Credit Restoration firm. This firm has been able to make major improvements to the credit ratings of our past short sale clients, within months. But they have extreme difficulty in making improvements to damaged on credit reports resulting from Foreclosure.
6.) "Cash for Cooperation": Some of the banks we work with are now offering home owners a Cash incentive in order to Cooperate with a short sale, versus allowing the property to be Foreclosed on by the Bank. Which Banks and amount of Cash offered, is on a case by case basis.
The longer you wait, the harder it is for us to help.
Most importantly time is of the essence. If Foreclosure proceedings have started on your home, then you have only 3 months and 3 weeks before your home is sold at the public Foreclosure Auction on the courthouse steps. Now our team of experts can almost always get the foreclosure postponed, but only if you call us. Please don't hesitate, or sit in hope that your financial fortunes will significantly change in the next 2 months like I did 14 years ago. Yes, I may know what you may be going through, for I lost my home through Foreclosure in 1995... We're here to help you prevent the mistake that I made long ago.
We have helped numerous homeowners in the counties of Alameda, Contra Costa, Santa Clara, and elsewhere in California, and we can help you as well. Don't trust your home Short Sale with just any Realtor !! You may only have one shot at this, and there is a lot riding on the successful negotiations with your Bank and subsequent sale of your Home.
We've been working in the real estate industry with Short Sales, Foreclosures and Bank Owned properties since 1993. ... We've negotiated with many Banks and Savings & Loans officers to reduce loan balances or postpone foreclosures, or to re-structure loans on the behalf of the home owner... In short, we've been involved in every facet of the Shot Sale and/or Foreclosure process and we're here to help you with your mortgage loan crisis.
We are an Experienced Team of Professionals.
The Short-Sales-Now team of experts consists of Bank Negotiators, a Real Estate & Internet Marketing experts, Listing and Sales experts, an associate Accountant, and Transaction Coordinators. Our team experience goes back to the mid 1990's when The Bay Area experienced it's last major real estate down turn in the local real estate market. We're a licensed Broker with the Department of Real Estate in the State of California Lisc # 01155260. Best of All our services are FREE to you, for we negotiate our fee with the Bank.
Please give is a call TODAY, so we can begin to help you TOMORROW. Call us at: 800-548-6867 ext. 8003 we are easy to talk too, or drop us an email at: Info@ShortSaleNOW.com, or Text Message at: 510-912-4519. We'll keep the conversation and your situation in strict confidence. If you prefer, contact us by filling out the form above
California Statewide Short Sale Specialist Network
California Statewide Resource Coverage Areas: Hayward California Short Sale Specialist - San Lorenzo Short Sales Specialist - Fremont Short Sale Specialist - San Leandro California Short Sales - Newark California Short Sale Specialist - Union City California Short Sales Specialist - Oakland California Short Sale Specialist - Alameda County Short Sales Specialist - San Mateo California Short Sale Specialist - San Ramon California Short Sales Specialist - Danville California Short Sale Specialist - Pleasanton California Short Sales Specialist - Dublin California Short Sale Specialist - Castro Valley California Short Sales Specialist - San Jose California Short Sale Specialist.