Tag: in foreclosure
Sell My Home-HSBC Mortgage-Short Sale-Redding CA
Sell My Home-HSBC Mortgage-Short Sale-Redding CA
Options to selling you HSBC home.
Short Sale.
If your homes value is not enough to payoff the HSBC mortgage loan in full at the time of sale, HSBC may be able to accept less than the full amount owed and will allow the sale to occur.
This is called paying the loan off
What is a HAFA Short Sale-Home Affordable Foreclosure Alternatives-Redding CA
What is a HAFA Short Sale-Home Affordable Foreclosure Alternatives-Redding CA
What is a HAFA Short Sale.
HAFA is the federal government subsidized
Short Sale Questions and Answers-Can I stay in the House?-Redding CA
Short Sale Questions and Answers-Can I stay in the House?-Redding CA
What is a short sale?
A short sale is a real estate transaction in which the property is sold for less then the mortgage loan and the debt is resolved between home owner and bank.
Who will pay the real estate commission?
Home owners never pay the commissions. The lien holders will pay all of the real estate agents involved in the transaction, whether the agent represents the home buyer or home seller.
Who will pay the title and escrow fees?
Home owners never pay the title or escrow fees. This tab is also picked up the lenders on the property.
How much work will this take?
It is similar to a regular home sale in that the property will have to be for sale and buyers will come and see the home. The home owner will have to provide some extra paper work to the lenders to get the short sale approved.
Will my neighbors know?
Not likely. Unlike a foreclosure, which is a public record, a short sale is private sale. Nevertheless, the home will be marketed, your neighbors may learn that it is for sale.
Most neighbors know the value of homes in their neighborhood, so you should not worry about your neighbors, but focus on how best to plan for your future.
If I am in foreclosure, can I do a short sale?
YES. In fact, most banks prefer short sales if there is enough time before the auction date. So call as soon as know you can no longer make the payments. You do not have to miss payments to qualify for a short sale.
Why do a short sale?
A foreclosure will hurt your credit far more than a short sale. Borrowers will be able to qualify for a home loan sooner after a short sale then a foreclosure.
Can I stay in my house until the short sale is sold?
Absolutely! But you must be prepared to leave after the close of escrow. Many lenders now are offering relocation help to home owners to pay moving expenses. You may qualify for this also.
Contact us Direct at (530) 921-1063 OR send your questions to us below..
Short Sale Questions and Answers-Can I stay in the House?-Redding CA
The Redding Short Sale Team-Help Center-Redding CA
The Redding Short Sale Team-Help Center-Redding CA
The Redding Short Sale Team is a
Help for Unemployed Homeowners in Foreclosure- Redding Ca
Help for Unemployed Homeowners in Foreclosure- Redding Ca