THE MOTHER & DAUGHTER REALTY TEAM “We take the
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UTMOST care!”
receive the Are You in financial distress because of your mortgage? Do you need to get out from under a payment that has become to hard to manage because you’ve lost your employment or your ARM has reset? If so, you are certainly not alone. Hundreds of thousands of other homeowners are in that same leaky boat, and there’s no easy way out. But you DO have choices, and you should take a look at all of them before deciding what to do. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales FORECLOSURE ALTERNATIVE OPTIONS: 1. 2. 3. 4. 5. 6. 7. 8.
Loan Modification Refinance Forbearance or Repayment Plan Reinstatement Rent the Property Short Sale Deed-in-Lieu of Foreclosure Bankruptcy
WE SPECIALIZE IN SHORT SALES! We are highly knowledgeable in handling these transactions. As we understand that financial hardships may befall on the most responsible people and the foreclosure process may look more and more like it may happen in your life or in the life of someone you love. Having a real estate to consult with is valuable if your home is in default or in danger of being foreclosed. We ALWAYS recommend…that you check with your lender first to see if there is something that can be done to help you keep your home. If you have exhausted your other options, call us if you want to do a Short Sale. We urge you to move fast so that you will not lose out on your options. If you have tried to do a loan modification and now it is not working our and you want to do a short sale…we can help! Give us a call, to set up an appointment to meet and discuss that Short Sales process in detail. We offer a FREE consultation and take the time to listen to your needs, questions, concerns, and provide you with information to empower you to make the best decision for you and to ensure 100% customer satisfaction.
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A Short Sale in real estate occurs when the outstanding obligations (loans against a property are greater than what the property can be sold for. In today’s market, the amount of homes in danger of foreclosure is on the rise. For homeowners to qualify for a short sale, they must fall into all of the following circumstances: •
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Financial Hardship: There is a situation causing you to have trouble affording your mortgage. Monthly Income Shortfall: In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage. Insolvency: The lender will want to see that you do no have significant liquid assets that would allow you to pay down your mortgage.
This seems simple enough but it is a complicated process that takes the expertise of experienced professionals. Together, we can identify all possible options and, once all options have been exhausted we can assist you in the quick execution of a short sale transaction.
BENEFITS OF COMPLETING A SHORT SALE: • • • • •
Some lenders are granting relocation fees. Avoid a foreclosure on your credit Purchase again in a shorter amount of time than a foreclosure. Helps keep the property and community safe and secure from vandalism. Mortgage Forgiveness Debt Relief: This act allows homeowners to exclude the forgiven debt on their principal residence from income. The expira*on date is NOW December 31, 2013.
REGISTER ON OUR WEBSITE AT www.centralvalleycaliving.com/ short-sale-2/ FOR ADDITIONAL INFORMATION ON PREVENTING FORECLOSURE
JUST LISTED
This cozy Single Story home Weston Ranch listed at $128,000! 3 Bedroom, 2 Full Bathrooms With 1,069 sqft. Of living space. This is a short sale and some Repairs are needed. Great Starter Home.
CONTACT US: BMC Real Estate Rosemary Brooks (DRE# 01336351) D’Adrea Davie (DRE# 01510971)
P: (209) 565-4399 motheranddaughterrealtyteam@gmail.com www.motheranddaughterrealtyteam.net
THE MOTHER & DAUGHTER REALTY TEAM
SHORT SALES