Short Sale A-B-C’s

Signs Of Being A Short Sale Candidate:

• You may be behind on your home payments, or close to being there.
• The mortgage company is calling you about late payments or threatening foreclosure.
• Your outstanding loan balances are greater than what your home is worth. To find out what your home is worth click: My Homes Value
• You have suffered a hardship like a job loss, cut hours etc. which leaves you unable to pay your mortgage.

Why Has This Happened to Me?

First of all, you are not alone. California, and the Sacramento Region in particular leads the nation in foreclosures. Folsom is no exception. This situation has happened to hundreds of home owners in this market. Adjustable rate mortgages, Pay Option loans and decreasing home values are often major components in bringing homeowners to this situation. Second and sometimes third mortgages and lines of credit also add to the problem.

What Are My Options?

The good news is that there are options.

• Continue making your payments and wait until the market improves and your home value exceeds your mortgage.
• Try to negotiate a loan modification with your lender to reduce your payments
• Sign your deed over to your lender, via a deed in lieu of foreclosure.
• Quit making your payments and lose your home to foreclosure.
• Complete the form below or Contact us at JWerolin@GoLyon.com and let us help you out of this situation via a short sale. A short sale offers significant advantages to walking away.

How We Can Help?

Fill out the form below and we will be glad to discuss your current situation with you. We will provide you with a free Competitive Market Analysis so you can compare what you owe against your home's value prepared by a licensed REALTOR®. We’ll get you more details on the options available to you, and the potential impacts of the choices. Then armed with all available information, you can decide which option is best for you. We provide you the information, you decide. And this all comes with no cost and no obligation. We want to help.

What Is The Typical Short Sale Process?

1. Email us at: Jwerolin@GoLyon.com, or give us a call.
2. Our Certified Short Sale Specialists will consult with you to evaluate your situation and gather the necessary information.
3. We will prepare a Competitive Market Analysis to estimate your home's value and a price that will bring a quick sale.
4. If you decide to move forward our experienced Short Sale Team will contact your mortgage company to inform them of our intent to sell the property for an amount that is less than what they are owed.
5. Our team lists the property for sale and aggressively market it to investors and home buyers via the MLS, internet and other marketing media and venues.
6. You receive an offer on your listed home from an interested buyer.
7. Our team takes the offer back to the mortgage company and negotiates a deal.

All of this is done with no out of pocket expense from you.

To see how we can help, Contact us .

 

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