If the home is priced well and shows easy I can typically get you top dollar in 10 days or less.
Feel free to give me a call anytime.
I live and work in Fontana.
Next Level Realty
I am not sure what your situation is but our office uses Atty John Mansour with the Mansour Law Group his # is 909 291 2431. If you have any questions you can also contact me at 714 225 1761 or visit my website @ leelynn4realestate.com.
Leelynn Ostby -Realtor
Keller Williams Fontana... more
You would want to use a REALTOR, not an agent, who has experience dealing with the banks in these situations. If you are behind in your payments make sure you get a REALTOR right away to try to get your home on the market. Many banks won't look at doing a short sale until the home has been on the market for a minimum period of time. The REALTOR will need your authorization at the listing agreement to speak on your behalf to the banks in order to work out a short sale, as well as your current financial information that will help justify why you need to do a short sale.
Good luck!... more
I suggest that you might want to visit www.activerain.com and look up Short Sales. I also wrote a blog about them, link is below
A short sale occurs when a seller has a financial hardship that is serious and now prevents the owner from paying their mortgage and will for the foreseeable future.
If the only way out is for the property to be sold, the owner contacts the lender for a "short sale package". In this package the lender will specify what they need to be able to consider a short sale. The short part of the sale only occurs with then lender's agreement.
In most cases the owner needs to be at least one month behind in mortgage payments. Then the lender will probably wait until you have an offer on the table before they actually approve anything. This type of sale is timeconsuming and does carry some risk because no one knows for sure what the lender may do.
I encourage you to learn as much as you can about shortsales.... more
Wouldn't that be wonderful! Unfortunately, the bank will report something to the credit companies (usually settled account) and what we are seeing is an 80 to 160 pt drop in FICO scores. Of course this is better than a foreclosure which usually gets you a drop of over 250.
Also, banks are still looking for some hardship to approve a foreclosure. The fact that your home is worth less than you owe on it is NOT considered a hardship. Many people are in this position, however, they can continue to make their payments, and do. If you do have a hardship, usually that results in you not being able to pay your mortgage on a current basis and this also has a negative impact on your credit. I am seeing people get short sales approved without being delinquent on their payments,because they HAD TO move for job or family reasons, but this is the rare case.
So, the short answer is NO. Your credit score will be affected by either or both late payments and the settled account disclosure. Hope this helps. Let me know if I can be of further assistance in any way.
Real Estate Consultant
RE/MAX Palos Verdes Realty... more
I sell many homes over in the Southridge area. I just sold one last week in fact. Can you send me your email? Email it to me at firstname.lastname@example.org and then I can send you a market analysis to show you exactly what homes are selling for in that area. It would be my pleasure to help you. Of course, I would like to see it to give you the best price! What upgrades have you done?
Let me know and I would be happy to do a market analysis. Just email me!
Joan Patterson, B.A., A.S.P., G.R.I., Realtor
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730