Redding Short Sale Team

Advice on Short Sales-Where to Get Help-Redding CA

For homeowners in Redding CA considering a short sale of their home, it is important to have good legal advise from an attorney, and experienced real estate agent and a tax accountant who can help guide the homeowners.

The homeowner can learn about the positive effects of doing a short sale, such as debt relief and debt forgiveness.

Some of the negative side effects of a short sale is a ding on your credit, you will have to move out of the house.

It is so important that homeowners who are thinking about going forward in a short sale real estate transaction hire a very experienced real estate agent.

The Redding short sale team can provide you with a free list of consultants and free resources to turn to for advise.

One common issue is when the bank approves a short sale but the homeowner has other liens on the title.

We will negotiate with all lien holders on the title in order to get the property sold.

Contact us today if you are thinking about a short sale.

Ways to Contact Us Direct (530) 921-1063 Laura Reilly

or OnLine

Short Sale Certified by the National Association of Realtors License #01760446

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Advice on Short Sales-Where to Get Help-Redding CA

Why do Banks take short sales?-Redding CA

A short sale is how a homeowner can sell the property for less than what is owed on the mortgage. This requires approval from the bank that has the mortgage on the property.

Once the short sale is approved, the lender may either ask for the difference in what is owed, token payments that are a fraction of what is owed or nothing at all.

One of the goals of the Redding Short Sale Team in handling the short sale is to negotiate complete forgiveness of the deficiency.

Most Banks (Bank of America, Wells Fargo and Chase) prefer that underwater homeowners do a short sale rather than give up their property to foreclosure.

How a short sale is better for both the homeowner and the banks.

Not only can the struggling homeowner buy another home years earlier and easier than if they went through a foreclosure, the banks make more money. Which you know the bank will like.

Be careful, if an offer to purchase comes in too low, the banks will opt for a foreclosure instead. Your bank will do what is best for the bank. If they can make more money on the short sale they will take it.

Foreclosures are tremendously expensive for a bank and they really don’t want your property.

Ways to Contact Us Direct (530) 921-1063 Laura Reilly

or OnLine

Short Sale Certified by the National Association of Realtors License #01760446

Check Out My Credentials Here

LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!

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Why do Banks take short sales?-Redding CA

Banks-Short Sale to Get Easier Nov. 1, 2012-Redding CA

Mortgage loans owned by the real estate giant Freddie Mac will instruct its servicers to move more quickly and efficiently in order to help homeowners and home buyers through the short sale process.

This new arrangement authorizes Freddie Mac to approve short sale real estate transaction or deeds in lieu of foreclosure (DIL) for distressed homeowners with Freddie Mac owned and/or guaranteed home mortgages without a separate and potentially time consuming review by the mortgage insurance company.

This major announcement builds on recent federal government and Freddie Mac efforts to encourage more short sales.

Short Sale Resource-Redding CA

What is a short sale?

A short sale, is the process of selling property for less than the mortgage that is owed on the home.

What Banks can do a short sale.

All of them!

There are so many families in Redding CA looking for short sale information, because of the current real estate market conditions. It can be difficult to sell a home , when you have to move.

Banks and mortgage lenders are better prepared to handle this complicated transaction.

The Real Estate Agent.

We at the Redding Short Sale Team has assembled an experienced team to help with all the people that contact us for short sale help.

Time is of the essence so it’s important to call as soon as possible.

The Redding Short Sale Team specializes in general single family residential real estate, we will be working with first-time home buyers and investor who are looking to purchase property in Redding Ca.

Ways to Contact Us Direct (530) 921-1063 Laura Reilly

or OnLine

Short Sale Certified by the National Association of Realtors License #01760446

Check Out My Credentials Here

LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!

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Subject

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Short Sale Resource-Redding CA

Short Sale Faster with Bank of America-Redding CA

Bank of America has stepped forward to try and improve the short sale situation for homeowners.

Bank of America is working to find common ground between buyers, sellers and real estate agents by making the short sale process more transparent.

Bank of America seems to have finally realized that they must change their business model in order to meet the demands of their short sale mortgagea and help to stabilize the housing market and America.

Everyon should take advantage of this opportunity for a successful closing.
Real Estate agents, homeowners and buyer can use this to help and prevent unnecessary frustration.

When loan modification is not possible on an underwater property then a short sale is the option, Bank of America is providing “transition funding”.

Money to assist then homeowner to move and relocate to a new rental.

The short sale must be initiated by the end of this year and closed by the end of 2013. Not all short sales qualify so you will need to start now.

Contact us direct (530) 921-1063 Laura Reilly

There use to be many horror stories about lost paperwork, delays and uncertainty. Buyers have been put off from making offers on short sales because of fear of a 1 year close and the need to get on with their lives.

Will the Bank of America