SHORT SALE SANTA CLARA
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 Santa Clara, 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 Santa Clara 95050, 95051, 95052, 95053, 95054, 95055, 95056, San Francisco, San Jose, Oakland, Fremont, Santa Rosa, Hayward, Sunnyvale, Mountain View, Vallejo, Berkeley, Fairfield, Richmond, Daly City, San Mateo, Palo Alto, South San Francisco, Redwood City, San Leandro, Alameda, Union City, Milpitas, Newark, San Rafael, 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 Santa Clara
Let our experienced Santa Clara short sale real estate agents help you avoid foreclosure in Santa Clara, 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.
Santa Clara 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. Santa Clara 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!
Santa Clara Short Sales
The very easy accessibility of loans and numerous associated methods like the payment of equivalent monthly installments have made buying a house a simple job. With the rapid growth of real estate companies in Santa Clara, you can rapidly plan a perfect home for yourself currently. Nevertheless, many times, such investments can turn out to be risky. Home mortgages on a home too can verify to be the hugest danger possible. You frequently can not involve terms with the place. At the same time, there are lots of opportunities that the value of your house can decrease instead of value. As a result, the value of money that you have invested in your home is far more than its present worth. This ultimately comes to be a greater issue, if you purchased your house on a home loan. To this rescue, comes a passionate solution called Short Sale.
By doing a short sale, we simply suggest that you can sell your undervalued home to another buyer with the authorization of your financial institution. If the money owed to the financial institution 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 accepts a short sale, you can sell your house to a buyer at its decreased value as well as obtain the balance written off by the financial institution. Generally, the bank crosses out your balance from its account. The sum not paid by you shall be revealed as earnings in your accounts by the financial institution.
Short sale Santa Clara only happens when there is an outright warranty that the cash value of your home can not increase in the future. To avoid the risk of a complete loss, the financial institution often approves the decreased amount of short sale.
Risks also exist if you are the one that buys short sale homes in Santa Clara, CA. There are numerous usual mistakes that people make when they purchase a home on their own in a short sale. If you are buying such a house, after that you should thoroughly inspect the problem of the house. Real estate investment will only pay if the house remains in good condition. One more common mistake is that of ignoring property problems. You have to ensure that there are no forgeries or legal issues with the property that you are purchasing otherwise it could result in bigger troubles in the future.