SHORT SALE UNION CITY
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 Union City, 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 Union City 94536, 94544, 94552, 94587, 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, 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 Union City
Let our experienced Union City short sale real estate agents help you avoid foreclosure in Union City, 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.
Union City 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. Union City 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!
Union City Short Sales
The very easy schedule of home loans and several associated techniques like the payment of equivalent monthly installments has made buying a home a simple job. With the rapid development of real estate service in Union City, you can rapidly prepare a perfect house on your own now. However, lot of times, such investments can end up being risky. Mortgages on a home also can confirm to be the hugest threat possible. You typically can not concern terms with the area. At the same time, there are several chances that the value of your house can decrease rather than valuing. Consequently, the value of money that you have invested in your home is much more than its present value. This eventually ends up being a higher problem, if you purchased your house on a home loan. To this rescue, comes a hearty solution referred to as Short Sale.
By doing a short sale, we merely imply that you can sell your undervalued home to another home buyer with the authorization of your bank. If the amount owed to the financial institution takes place to be greater than the amount you will actually get, in case you sell the house, then the best decision would certainly be to do so. If the bank accepts a short sale, you can sell the house to a buyer at its decreased value and get the balance crossed out by the financial institution. Typically, the bank crosses out your equilibrium from its account. The sum not paid by you will be shown as earnings in your accounts by the bank.
Short sale Union City only happens when there is an outright warranty that the money worth of your home can not increase in the future. To avoid the risk of a full loss, the financial institution frequently approves the reduced amount of short sale.
Risks likewise exist if you are the one that purchases short sale homes in Union City, CA. There are lots of typical mistakes that individuals make when they buy a home on their own in short sale. If you are purchasing such a house, after that you must thoroughly inspect the problem of the property. Real estate investment will only pay if your home remains in good condition. An additional common mistake is that of overlooking property problems. You need to make sure that there are no forgeries or legal issues with the property that you are getting otherwise it could lead to bigger troubles in the future.