Is it time to short sell your home?

What is a short sale? 

Basically, a short sale is a transaction in which the current lender agrees to accept an amount which is less than, or "short" of what is actually owed against the property.

A short sale requires a great deal of paperwork and preparation on behalf of the borrower, who is now the seller of the property. 

Short sales can be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling.

How do I proceed with a short sale?

First, contact me. I will help you figure out the true market value of your property, and help you to determine whether or not a short sale is right for you. 

 

	If you have questions about real estate or the process of going through a short sale in San Pedro, California you can contact me here or e-mail me.

 

If we determine that a short sale is in your best interest, I will get in touch with your lender and tell them of the situation. They even have a particular department that handles short sales. Some lenders will be more able to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to approve the final sale.