Home Selling in 95020>Question Details

Stanley, Home Seller in Gilroy, CA

Need a Realtor for Short Sale in Gilroy, CA

Asked by Stanley, Gilroy, CA Wed Apr 15, 2009

I need an experience Realtor to list my home as a short sale. You should be able to negotiate with the lender to preferrably record the short sale as "paid as agreed" and not just "settled."
Contact me at luk_sl@yahoo.com for more information.

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There are alot of details that need to be addressed. However, there are also other options to doing a short sale. Are you selling because you have to due to the market swing or a bad loan? Or, are you relocating? Short sales are just one of the strategies available, and not always the best option. Interview at least three top producers in the area and check references. Good luck!
0 votes Thank Flag Link Sat May 23, 2009
You need at DEFICIENCY JUDGEMENT RELEASE from the bank, investor/lender for the amount of money you owe, less market value = short payoff. Many banks will try to negotiate for you to share in the loss, by asking for a promissory note for the difference owed, or ask you to come in with cash at close. No one has these monies these days, otherwise they wouldn't have to short-sale!!! Further, if you have a buyer in escrow, it can put a lot of pressure on the seller to sign that note in order to keep everyone happy. Don't do it, unless you've been advised by an attorney. Please be aware of this. The process can take 3-6 months after a notice of default has been filed.
0 votes Thank Flag Link Sat Apr 18, 2009
Hi Stanley,
My name is Allyson, I am mainly a buyers agent but I know someone who is very experienced in short sales listings in your area of Gilroy. If you are interested give him a call or shoot him an email he may be able to help you. His contact information is:
Steve Ramos

0 votes Thank Flag Link Thu Apr 16, 2009
Hi Stanley,

Lets Talk real estate, will help you through the short sale as best as feasible. Need to know all details, and speak with Lender/s before any promises can be made.
Sent you an email, all the Best,
Nina Daruwalla
0 votes Thank Flag Link Wed Apr 15, 2009
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