Step 1. Gather Information
We will get following information from you, which is needed to prove your financial insolvency.
• Bank Statements
• W2s
• Paycheck Stubs
• Property Tax Bill
• Homeowner’s Insurance Policy
• Monthly Bills
• Additional Liens
• Hardship Letter and Documentation
• Bank Statements
• W2s
• Paycheck Stubs
• Property Tax Bill
• Homeowner’s Insurance Policy
• Monthly Bills
• Additional Liens
• Hardship Letter and Documentation
Step 2. Communication with the Lender
In order to speak with the lender on your behalf, we will need to obtain and submit your written authorization. Then, we will call the lender and ask for the Short Sale application packet. We will communicate with the decision-maker in the loss mitigation department directly and regularly for updates.
Step 3: Develop the Proposal to the Lender
We will develop the proposal which must be well organized and done professionally.
Step 4. List Your Home
Most likely, we will list your home at the full market value or just below initially because the lender wants to see we are trying to get as much out of the property we could. Then, we will aggressively lower the price until we receive offers.
Step 5: Obtain an Offer & Submit a Proposal
Once we have an offer, you will need to approve the offer first and, we will submit it with the proposal packet to the lender for approval. If your lender accepts the initial offer, the buyer must be able to close in 30 days.
Step 6: Negotiate & Close the Deal
We will negotiate with your lender(s) and get the acceptance letter. In our negotiation, we will ask to report the short sale to the credit department as “Paid as Agreed”. We want the lender to report it as “Settlement in full” with a full release of the lien. Typically, the deal must close within 30 days of the lender’s acceptance. The buyer has to be ready with cash or funding. Seller does have to attend the closing.
Either You Are Buying or Selling, You Need a Right
Short Sale Specialist!
• Our Laguna Niguel Short Sale Realtors are CDPE (Certified Distressed Property Expert) and SFR (Short Sales and Foreclosure Resource) certified.
• Our Short Sale Experts have a success rate of 98% on approvals from the banks and have closed Short Sales in as early as 4 weeks. *All should be prepared for 90 to 120 days.
• Our Laguna Niguel Short Sale Specialists have trained on a webinar with the Vice President of Short Sales for Bank of America.
• Our Short Sale Real Estate Agents have registered for Equator and are working hand in hand with Bank of America for fast decisions.
• Our Laguna Niguel Short Sale Agents will provide the necessary paperwork, be responsible for all contact with lenders and banks, and negotiate on behalf of you.
“Thank you for helping us out. We are so happy to be done. We are so impressed with how fast and efficient he is. We had been struggling with selling our home using various methods for a period of 18 months with no success. Once we decided to use his services we closed in less than 6 weeks. When required to negotiate with the bank, he was very professional and effective. Above all, he was compassionate regarding our feelings and sincerely wanted us to have a fresh start. We highly recommend to everyone!”
Garrett and Nicole Wright
Laguna Niguel, CA
“As someone who has had the pleasure of working with them in what I have to consider a very difficult real estate situation I would like to take this opportunity to assure you are in good hands. He handled everything efficiently and professionally. I have worked with him for the past few months in order to buy a home that was in a short sale. As I mentioned before what I thought was going to be a nightmare turned out to be a very pleasant as well as profitable experience. I found him to be an extremely pleasant and helpful person to work with. Doing everything possible in order to accommodate my needs. One of his best qualities is listening to exactly what I wanted and then with his extensive knowledge answering all of my questions. If you’re considering listing your house for sale or especially if you are considering purchasing or selling your home in a Short Sale situation then without a doubt I highly recommend!”
Zachary T.
Laguna Niguel, CA
Short Sale Laguna Niguel CA
A short sale is a real estate transaction where a homeowner is facing hardship and gets permission from a bank to sell their property for less than they owe on the mortgage. If your house in Laguna Niguel, CA is worth less than what you owe on the home loan, a short sale maybe your best alternative to foreclosure.
Short sale requires a unique set of skills for a real estate agent and the short sale approval can very much depend on how your agent negotiates with the lender and buyer. Our short sale team has a high success rate on approvals from the banks and closed short sales in Laguna Niguel 92607, 92653, 92677, Los Angeles, Beverly Hills, Santa Monica, Long Beach, Anaheim, Santa Ana, Irvine, Newport Beach, Santa Clarita, Huntington Beach, Garden Grove, Pomona, Torrance, Redondo Beach, Pasadena, Seal Beach, Fullerton, Thousand Oaks, Simi Valley, Burbank, Glendale, West Covina, Inglewood, and Yorba Linda, California.
Bank approves short sales when they believe a hardship situation exists, however, hardship is not only determined by how much money a person earns but also it factors in a person's expenses, especially if expenses have increased and income has decreased.
Stop Foreclosure Laguna Niguel CA
Let our experienced Laguna Niguel short sale real estate agents help you avoid foreclosure in Laguna Niguel, CA. We will negotiate directly with your banks to get short sale approvals for you. Our goal is to reach out and educate homeowners who are behind on their mortgage or think they soon will be. We have solutions that may save your credit and enable you to start fresh.
Laguna Niguel short sales are complicated but, can help sellers who owe more than home is worth. A short sale occurs when a property is sold for less than the total debt owed on the property. Laguna Niguel short sale must be approved by the lenders and borrowers requesting a short sale must prove a hardship such as a mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation.
Our professional short sale service is totally free for our clients. Contact us for a free confidential consultation today!
Laguna Niguel Short Sales
The easy schedule of home loans and numerous linked approaches like the payment of equivalent monthly installations has actually made buying a house an easy job. With the quick growth of real estate business in Laguna Niguel, you can promptly intend an ideal home on your own currently. Nevertheless, a lot of times, such investments can end up being risky. Home mortgages on a house too can verify to be the hugest threat possible. You commonly can not come to terms with the place. At the same time, there are numerous possibilities that the worth of your house can drop as opposed to appreciating. As a result, the value of money that you have invested in your house is much more than its existing value. This at some point comes to be a higher problem, if you purchased your house on a home mortgage. To this rescue, comes to a hearty solution called Short Sale.
By doing a short sale, we just suggest that you can sell your undervalued house to another buyer with the approval of your financial institution. If the amount owed to the bank happens to be greater than the amount you will actually get, in case you sell the house, after that the best choice would be to do so. If the financial institution agrees to a short sale, you can sell the house to a home buyer at its decreased value and get the balance crossed out by the bank. Normally, the financial institution writes off your equilibrium from its account. The amount not paid by you will be shown as earnings in your accounts by the bank.
Short sale Laguna Niguel just takes place when there is an outright warranty that the money worth of the house can not increase in the future. In order to avoid the risk of a total loss, the bank often approves the lowered amount of short sale.
Dangers likewise exist if you are the one who buys short sale homes in Laguna Niguel, CA. There are several common mistakes that people make when they buy a home for themselves in short sale. If you are getting such a house, after that you must thoroughly look at the problem of the property. Real estate investment will only be profitable if the house is in good condition. An additional usual mistake is that of overlooking house issues. You must make sure that there are no forgeries or legal issues with the property that you are buying otherwise it could lead to bigger problems in the future.
CONTACT US
Our experienced Laguna Niguel short sale agents are knowledgeable of the entire landscape of foreclosure avoidance options. Foreclosure situations tend to be extremely time-sensitive. If your home is upside down and you haven’t done a short sale, your time is running out. The sooner you start, the more options are available. Call for a free consultation today. Banks will offer a number of solutions for borrowers who want to avoid foreclosure.
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