Orange County Short Sales

Whena homeowner has to sell their home, and the proceeds from that sale are going to be less than what is owed the bank, then the homeowner's lender needs to approve of what is called a 'short sale'.  'Short' does not mean a short time, or a quick sale.  Sellers, read more about short sales. 

Brea Short Sales Fullerton Short SalesPlacentia Short Sales
Yorba Linda Short Sales La Habra Short SalesAnaheim Short Sales
Anaheim Hills Short SalesOrange CA Short Sales 

To speak with real estate professionals that can best help you with the short sale of your home, contact Tony Leocadio (714) 673-7363 your Orange County Realtor®.

orange county short sales, pre-foreclosures

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Selling Your Home Via A Short Sale

If you are in a situation in which you can no longer afford your home, are behind in your home payments, are going into foreclosure, then a short sale may be the best option for you. Your bank might approve of a short sale because the option of the foreclosure process can cost them a lot of time and money.  Banks usually get more proceeds from a short sale than a foreclosure sale.

In a proper short sale, the bank would get the proceeds from the sale, and you would be forgiven the rest of the debt owed on the home.  You will avoid a foreclosure and the bad credit that goes with a foreclosure. The closing costs of the sale will be absorbed by the lender -including sales commissions -- so selling the home short will not cost you anything.

What's the catch?  You do have to qualify for the short sale.  You need to have a financial hardship that makes you  unable to pay your mortgage.  The lender will want to see all of your financial info including bank statements, tax returns, and paycheck stubs.  Financial hardships would include things such as:

Loss of employment, or reduction in pay

Death of a spouse

Medical bills

Health issues that prevent you from working

Divorce

Job relocation.

The first step is to list your home for sale so that we can start the process.  We use a professional negotiator that has a ton of experience in assisting us with the bank negotiations.  We will obtain an offer quickly so that the short sale package can be sent to the bank, and so that you are not inconvenienced by a bunch of buyers traipsing through your home.

To speak with real estate professionals that can best help you with the short sale of your house, contact Greg Haraksin (714) 883-3638 or Tony Leocadio (714) 673-7363 your Orange County Realtors®.

 

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Based on information from California Regional Multiple Listing Service, Inc. as of May 28th, 2017 at 10:40pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.