FACING FORECLOSURE PROBLEMS?
-Are You In a Default Situation?
-Are You Facing Back House Payments?
-Do You Need To Sell ASAP?
-Do You Have Little Or No Equity In Your Home?
-Do You Owe More Than Your Home Is Worth?
-A “Short Sale” could be the answer
-We Can HELP!
OUR TEAM WILL ASSIST YOU TO MOST IMPORTANTLY FIND A BUYER FOR YOUR HOME. If THE LENDER ACCEPTS YOUR SITUATION THIS WILL SAVE YOUR FICO SCORE FROM DROPING FROM 300 TO 400 POINTS IF YOU MUST FORECLOSE.
WE ARE PROFESSIONALS AND DO UNDERSTAND THAT THIS IS A VERY EMOTIONAL SITUATION FOR YOU AND YOUR FAMILY. DESCRESION IS USED IN ALL COMMUNICAITON.
WE WILL SHOW YOU HOW THIS IS ONLY THE BEGINNING OF YOUR WAY BACK TO OWNING YOUR OWN HOME IN THE NEAR FUTURE, RATHER THAN THE END OF HOME OWNERSHIP. THINK ABOUT OWNING A HOME IN THE NEXT FEW YEARS. A SHORT SALE MAY BE THE BEST OPTION YOU HAVE VS IGNORING YOUR SITUATION. IT WILL ALLOW YOU TO KEEP FAITH IN YOUR SELF, KNOW THAT YOU ARE TAKING THE CORRECT ACTION TO SAVE YOUR CREDIT, AND SUCURE YOUR FAMILY’S FUTURE RATHER THEN WAITING FOR THE INEVITABLE.
**Short Sales occur when borrowers sell their properties for amounts that are less than the amounts owed to the lender. How do I qualify for assistance? Borrowers need to prove that they are experiencing a substantial financial hardship. What is a Hardship? A hardship is a situation that has a life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term. Some examples are: Separation or Divorce Medical Bills Inability to work due to health reasons Death of Spouse Job Relocation Reduced Income or Unemployment Business Failure How do I qualify for a Short Sale? A borrower must prove that a hardship exists. The lender must be willing to accept the short sale proceeds as full settlement of the debt. What is required from the property owner? The property owner must: Sign a listing agreement with the realtor List the property for sale Cooperate with access, showings, offers, and with the realtor and SSW. Vacate the home following close of title Agree not to finance or otherwise encumber the property be responsible to maintain the home in “show” condition be responsible for minor repairs to the home be a responsible homeowner until close of title and vacancy of home. How can a Short Sale help me? Help you minimize credit damages. Counsel you through the process. Your agent will work as a liaison to the servicer lender’s lost mitigation department. We work with a specialized Short Sale Company called the Crystal Group with a track record of 98% short sale packaging success. This is because we will be honest and tell you if your situation is capable of a short sale process or not. Lastly, your agent will provide relief during a difficult time. Why work with us? With over decades of combined experience we will be able to ensure you a proper assessment. Having to negotiate short sales is very tricky process. In most cases, the lenders have hundreds of files to review with very limited time to resolve them. Following a short sale process with a 98% success rate will insure you your solution.
CALL RENEE BACCARO REALTOR - (562) 972-9886. FOR MORE INFORMATION.
Your agent will work as a liaison to the servicer lender’s lost mitigation department.
WORKING WITH SELLER How long is your deliquesce?Has your servicer started Foreclosure proceedings? If so, When?Do you have a 2nd lien or HELOC? If so are you current on those?
If we sell your property for less then you owe, can you make up the difference?
If so, are you willing to accept a promissory note for all or part of the difference?
You need to understand the Tax and Credit implications of a Short Sale. Know a Short Sale is less detrimental then a Foreclosure. With a Foreclosure you can actually lose up to 300 points on your FICO score. With a Short Sale it may only affect your FICO by 75-100 points.
If I become your agent I here by advise you to seek legal council and financial advice.
Income or Assets
IF SELLER HAS 2nd or line of credit LEAN HOLDER will need to know, and approve the short sale. Do not procrastinate on contacting them. They want to work with you. You are not alone in this situation. 42% of all sale in the past year have come from short sales and bank owned sales.
They will likely approve the short sale because they may gets some money from the short sale where as they may get nothing from a short sale.
We work directly with legal council to understand all the implication that go along with short sales.
Short Sale Package This is where knowing that the package must be perfect or it will not pass, is extremely important if you what you home it sale. That is whey I work with the Crystal Group. They have been submitting short sale packages since the 1990’s with tremendous success. The will answer all your queston. And the charge for their service is $495.00 per loan. If you only have one loan it is a small charge for what they do. Two loans take double the time & skills. What to know more?
Call me directly, or visit my short sale site.
I will be adding to this information and up dating this site: www.goaskrenee.com
Renee Baccaro Realtor (562) 972 9886
Century 21 Jervis & Associates 800 Harbor Blvd. La Habra, Ca 90631
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