Short Sale Option

  • In today’s market where home prices have decreased and mortgage payments have increased due to adjustable rate loans and 100% financing, it’s getting more difficult day by day for homeowners to keep up with their payments. This leads homeowners into foreclosure and the risk of losing their home. Some people feel that the only option that they have is to walk away from their home and let it foreclose. But what they do not know is that they can avoid foreclosure, they can save their credit from being completely ruined, by exercising the Short Sale Option.

    WHAT IS A SHORT SALE?

    A Short Sale transaction occurs when the lenders are paid a negotiated amount that is less than the actual principal balance owed.

    WHY ARE BANKS ACCEPTING SHORT SALES?

    In a foreclosure, the lender incurs legal fees and may not take possession of the home for several months. When the lender takes possession, the condition is unknown, and the home will have to be sold regardless.

    HOW ARE SELLING COSTS PAID?

    In a successful Short Sale transaction, selling costs are absorbed by the lender. We specialize in Short Sale Transactions. We are a real estate brokerage NOT investors. Please fill out the form below and we can contact you for a FREE confidential evaluation to see if the Short Sale Option is the best route for you.
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Realty One Group DRE#01423187
Copyright 2010 and Patent Pending, Fred Sed , Best OC Properties. All rights reserved.
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    Date last updated: 2/22/12 10:12 AM PST

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