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Short Sale Specialist's Blog

By Mike Linkenauger | Real Estate Pro in Jacksonville, FL
  • “The Inland Empire” Short Sale Specialist

    Posted Under: Foreclosure in Rancho Cucamonga  |  March 20, 2013 7:46 AM  |  500 views  |  1 comment

    "The Inland Empire" Short Sale Specialist

    Short Sale Specialist in "The Inland Empire"

    What is a real estate short sale in "The Inland Empire"?

    A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

    What does it take to qualify for a "The Inland Empire" Short sale?

    Short Sale Specialist Realtor in "The Inland Empire"While lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a "The Inland Empire" short sale. 

    1. 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,
    2. 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)
    3. 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.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell. 

    Is it possible for me to get money back for completing a short sale?

    Until recent times, it was almost unheard of for a home owner to get money back in a short sale.  Things have changed for the better.  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.  We have seen home owners get as much as $35,000 back to complete a short sale.

    Who will pay the "The Inland Empire" short sale Realtors® commission?

    In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your "The Inland Empire" 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 "The Inland Empire" short sale specialist help me?

    As a "The Inland Empire" short sale specialist, I have helped many home owners who are in a Short Sale Realtordifficult financial season get a fresh start with a short sale.  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.  Experience is everything when it comes.  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.  Visit my website for more information on the short sale process.

     

    Andre Robinson

    License Number: 01196641

    Realty Dream Partners

    909-278-8289

    shortsellerassistant.com

    ~ Your "The Inland Empire" Short Sale Specialist Realtor® ~


  • Inland Empire Short Sale Specialist

    Posted Under: Foreclosure in Rancho Cucamonga  |  January 28, 2013 9:24 AM  |  422 views  |  No comments

    Inland Empire Short Sale Specialist

    Short Sale Specialist in Inland Empire

    What is a real estate short sale in Inland Empire?

    A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

    What does it take to qualify for a Inland Empire Short sale?

    Short Sale Specialist Realtor in Inland EmpireWhile lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Inland Empire short sale. 

    1. 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,
    2. 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)
    3. 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.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell. 

    Is it possible for me to get money back for completing a short sale?

    Until recent times, it was almost unheard of for a home owner to get money back in a short sale.  Things have changed for the better.  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.  We have seen home owners get as much as $35,000 back to complete a short sale.

    Who will pay the Inland Empire short sale Realtors® commission?

    In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Inland Empire 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 Inland Empire short sale specialist help me?

    As a Inland Empire short sale specialist, I have helped many home owners who are in a Short Sale Realtordifficult financial season get a fresh start with a short sale.  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.  Experience is everything when it comes.  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.  Visit my website for more information on the short sale process.

     

    Ron Gent

    License Number:

    NEW CENTURY REAL ECA

     909-815-0281

    rongentandsonshortsales.com

    ~ Your Inland Empire Short Sale Specialist Realtor® ~

     


  • Rancho Cucamonga Short Sale Specialist

    Posted Under: Foreclosure in Rancho Cucamonga  |  November 1, 2012 6:18 AM  |  467 views  |  No comments

    Rancho Cucamonga Short Sale Specialist

    Short Sale Specialist in Rancho Cucamonga

    What is a real estate short sale in Rancho Cucamonga?

    A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

    What does it take to qualify for a Rancho Cucamonga Short sale?

    Short Sale Specialist Realtor in Rancho CucamongaWhile lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Rancho Cucamonga short sale. 

    1. 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,
    2. 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)
    3. 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.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell. 

    Is it possible for me to get money back for completing a short sale?

    Until recent times, it was almost unheard of for a home owner to get money back in a Rancho Cucamonga short sale. Things have changed for the better.  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.  We have seen home owners get as much as $35,000 back to complete a short sale.

    Who will pay the Rancho Cucamonga short sale Realtors® commission?

    In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Rancho Cucamonga short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a California short sale transaction.

    How Can a Rancho Cucamonga short sale specialist help me?

    As a Rancho Cucamonga short sale specialist, I have helped many California home owners who are in a Short Sale Realtordifficult financial season get a fresh start with a California short sale. 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.  Experience is everything when it comes.  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.  Visit my website for more information on the Rancho Cucamonga short sale process.

     

    Rita Armijo

    ~ Your Rancho Cucamonga Short Sale Specialist Realtor® ~

    Premier Properties

    License Number: 01247660

    909-855-5538

    rashortsales.com

     


 
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