My office is only five blocks away literally within walking distance corner of Dupont and Michelson so you might want to come over for a confidential free consultation with no obligations.
So if you are looking for someone aggresive to get the job done rather soon and guide you through the complicated short sale process then myself and my in-house affiliate attorney John Morkos Esq specializing in short sale,notice of default,trustee sales have the track record and experience you can count on!
Let's keep it real! Honesty is best policy so I would assume you did have already tried loan mod,refi etc in the event you are self-employed then you already got the answer there is no need to sugarcoated.
Please be informed that we do have a pool of investors and cash buyers who are currently looking for anything that makes sense so if priced right it may take a day or two to open escrow.
Step one: Please do consider the fact that the Debt Forgiveness Act expires at the very beginning of 2013 therefore you only got left 2 1/2 month to make an educated decision to attempt the short sale. Why? Because if you had purchased this condo anywhere before 2007 you are upside down a bunch anywhere between $100,000 to $300,000 and you will be issued a 1099 from your lender/bank for the difference between loan amount and current market value which will become taxable income added to your regular income and possible ending up you owing to IRS SUBSTANTIAL AMOUNTS please consult your CPA .
Step two: Short sale no matter what anybody will affect your credit score for next incoming years I would be more than happy to send you FannieMae guidelines to understand the implications however losing $500 plus a month as an investor would not be an option. If you still have cash saved I can get you into any property with 30% down private hard money loan who does not care about your FICO score or employment history.
Step three: Innacurate info given bellow, at this point if you do go forward with the short sale then you have no worries your lender will pay for your closing cost,6% commissions and in most cases relocation fee paid to you in the thousands.NOTE; SHORT SALE HAS NO COST TO SELLER BANK PAYS EVERYTHING INCLUDING SELLER'S RELOCATION FEES so be informed and alert.
Please also be informed that it is against the law to collect rent while in foreclosure so if you do have tenants my attorney will help you evict tenants
Step four: No need for sign on the property so it can be done confidentially if you dont want to disturb your tenants,remember short sale process is lengthy especially if you have two loans from different banks. If you do have a notice of default then your clock is ticking,if you do have a trustee sale posted on the door my attorney will help postpone it to complete the short sale but if you are within your last ten days then it's game over unless you apply for bankruptcy.
I hope this is enough info for you to diggest at this point next step is to contact me asap to pencil out the listing details.
Cristian Caranica, Broker/CEO
CENTURY PLAZA REALTY
Orange County HQ Office:
2082 Michelson Dr, Suite 100M
L.A County Branch Office
468 N Camden Dr,Suite 268H