Oxnard Short Sale Specialist
What is a real estate short sale in Oxnard?
quick sale in real estate, also commonly called a short sale, happens
when a lender is willing to accept a lower pay offÂ on a loan than what
is currently owed due to the borrowers inability to continue making
What does it take to qualify for a Oxnard Short sale?
lenders seem to be easier to work with lately regarding qualifications,
there are usually three borrower qualifications that most lenders
require for a Oxnard short sale.Â
- Negative Equity - The proceeds from the sale of the property, after all closing costs
are paid, are less than the amount currently owed on the property,
- Financial Insolvency
- Financial insolvency means that the borrower has no other assets that
could cover the deficiency (the difference between what is owed on the
property and the proceeds from the sale)
- Financial hardship
- Financial hardships that are acceptable do vary some from lender to
lender, but the most common ones are; divorce or legal separation, loss
of employment or reduction in income, job transfer or relocation,
incarceration, medical emergencies or major medical expenses, death of a
family member, vacant rental properties, damaged property, just to name
a few.Â Most lenders believe that a short sale is not for home owners
who simply want to sell, but for those who have to sell.Â
Is it possible for me to get money back for completing a short sale?
recent times, it was almost unheard of for a home owner to get money
back in a short sale.Â Things have changed for the better.Â The HAFA
program, backed by the US Government, allows homeowners $3,000 to use
towards relocation expenses. In addition, some lenders will offer
generous incentives of their own in addition to money offered through
the HAFA program.Â We have seen home owners get as much as $35,000 back
to complete a short sale.
Who will pay the Oxnard short sale RealtorsÂ® commission?
a short sale it is customary for a lender to cover all fees associated
with the sale of the property, including your Oxnard short sale
specialist as well. In almost all cases, a home owner in hardship will
pay no out of pocket expense to complete a short sale transaction.
How Can a Oxnard short sale specialist help me?
As a OxnardÂ short sale specialist, I have helped many home owners who are in a difficult
financial season get a fresh start with a short sale.Â Short sales are
not part of our "basic training" as real estate agents, and are
something that should only be left to those of us who are especially
qualified and experienced.Â Experience is everything when it comes.Â
I'll not only market your home in the traditional manor, but will guide
you through this transition while simultaneously processing the short
sale with your lender.Â Visit my website for more information on the short sale process.
~ Your OxnardÂ Short Sale Specialist RealtorÂ® ~
Troop Real Estate
License Number:Â 01331208