SHORT SALE SAN RAFAEL
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 San Rafael, 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 San Rafael 94901, 94903, 94912, 94913, 94915, 94960, 94974, San Francisco, San Jose, Oakland, Fremont, Santa Rosa, Hayward, Sunnyvale, Mountain View, Santa Clara, Vallejo, Berkeley, Fairfield, Richmond, Daly City, San Mateo, Palo Alto, South San Francisco, Redwood City, San Leandro, Alameda, Union City, Milpitas, Newark, and Bay Area, 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 San Rafael
Let our experienced San Rafael short sale real estate agents help you avoid foreclosure in San Rafael, 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.
San Rafael 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. San Rafael 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!
San Rafael Short Sales
The simple availability of loans and several associated techniques like the payment of equivalent monthly installations has made buying a house a simple job. With the quick growth of real estate company in San Rafael, you can swiftly prepare a suitable house on your own now. Nonetheless, oftentimes, such investments can end up being dangerous. Home loans on a house also can prove to be the hugest threat possible. You commonly can not pertain to terms with the place. At the same time, there are several possibilities that the worth of your house can depreciate as opposed to valuing. Consequently, the value of money that you have actually invested in your home is much more than its present worth. This eventually ends up being a higher problem, if you got your house on a home loan. To this rescue, comes a passionate solution is known as Short Sale.
By doing a short sale, we just indicate that you can sell your undervalued house to another buyer with the consent of your financial institution. If the amount owed to the bank occurs to be greater than the amount you will really get, in case you sell your home, then the best choice would certainly be to do so. If the bank consents to a short sale, you can sell your home to a buyer at its decreased value and get the balance crossed out by the bank. Usually, the financial institution writes off your balance from its account. The sum not paid by you shall be revealed as revenue in your accounts by the financial institution.
Short sale San Rafael just occurs when there is an absolute warranty that the money value of your home can not increase in the future. To avoid the risk of a full loss, the financial institution usually accepts the decreased amount of short sale.
Risks additionally exist if you are the one that buys short sale homes in San Rafael, CA. There are numerous usual mistakes that individuals make when they purchase a home on their own in a short sale. If you are buying such a house, after that you should carefully inspect the condition of the property. Real estate investment will only be profitable if your home remains in good condition. One more typical mistake is that of neglecting property issues. You should make sure that there are no forgeries or legal issues with the property that you are acquiring otherwise it could result in bigger problems in the future.