Let Us Define Sacramento Real Estate Short Sale

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If you want to avoid property foreclosure then short selling it may solve your problem. Short sale means you are selling your property below its normal market value because you can no longer pay your monthly loan mortgage.

For more information please visit us at http://www.DavidYaffeeTV.com

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Let Us Define Sacramento Real Estate Short Sale

  1. 1. Let Us Define Sacramento Real Estate Short Sale©www.DavidYaffeeTV.com
  2. 2. Let Us Define Sacramento Real Estate Short SaleIf you want to avoid property foreclosure then shortselling it may solve your problem.Short sale means you are selling your property below itsnormal market value because you can no longer pay yourmonthly loan mortgage. ©www.DavidYaffeeTV.com
  3. 3. Let Us Define Sacramento Real Estate Short SaleShort sale is an alternative way to avoid furtherembarrassments caused by credit losses.Keep in mind that when you allow your property to getforeclosed, your credit ratings will be destroyed, thus, youand your loved ones will be embarrassed and harassed bythe mortgage. ©www.DavidYaffeeTV.com
  4. 4. Let Us Define Sacramento Real Estate Short SaleSo, to avoid this, you better do something about it byshort selling your property right away.Short sale is an alternative way to foreclosure proceedingsand bankruptcy and this method helps you regain yourcredit standing. ©www.DavidYaffeeTV.com
  5. 5. Let Us Define Sacramento Real Estate Short SaleJust to give you an idea, this technique is one of the mostpopular real estate methods in Sacramento over the pastfew years.Home owners would short sale properties just to avoidforeclosure proceedings, and even realtors recommendthis method especially to those who don’t like to see theircredit ratings fall down. ©www.DavidYaffeeTV.com
  6. 6. Let Us Define Sacramento Real Estate Short SaleBanks would act as lenders in short sale and they will askyou to sell your property less than the actual market price.But keep in mind that not all are qualified to do a shortsale. There are certain guidelines and qualifications tofollow before you can finally do short selling. ©www.DavidYaffeeTV.com
  7. 7. Let Us Define Sacramento Real Estate Short SaleBanks would background check your financial status tomake sure that you really don’t have the capacity to payyour loan mortgage anymore.You must be really broke before you can qualify for thisreal estate technique. ©www.DavidYaffeeTV.com
  8. 8. Let Us Define Sacramento Real Estate Short SaleLenders would really make an effort to investigate youand even your loved ones’ financial capability before youare allowed to short sale properties.Below are the things you need to do and the qualificationsand requirements you need to present to lenders (banks)if you are planning to do this method for your property. ©www.DavidYaffeeTV.com
  9. 9. Let Us Define Sacramento Real Estate Short SaleGo to the banks and ask about short sale – You alreadyknow that banks act as lenders in this method so it is bestto go directly to them and ask how this method can helpyou solve your real estate matters.Banks will prequalify you by asking some importantquestions and preparing documents to check if you areeligible to do the method. ©www.DavidYaffeeTV.com
  10. 10. Let Us Define Sacramento Real Estate Short SalePrepare the Preliminary Net Sheet – You must have anidea how much you would like to receive from the shortsale. Include even the costs of sale, real estate agent’scommission, outstanding balance of your loan, taxes fees(State and Federal) and etcetera.If you don’t know how to prepare the Preliminary NetSheet, you ask help from an agent or a lawyer to calculateyour Net sheet for you. ©www.DavidYaffeeTV.com
  11. 11. Let Us Define Sacramento Real Estate Short SalePrepare the Hardship Letter - The more broke youare, the better.This letter is very important because the lenders willdecide if you are qualified to do the method through yourhardship letter. ©www.DavidYaffeeTV.com
  12. 12. Let Us Define Sacramento Real Estate Short SaleThis letter will describe how you became broke and howyou ended up having financial constraints. Include in yourletter as well if you have ended up being divorced fromyour husband or wife, it is a very strong reason why youcannot pay your loan mortgage anymore.Just tell the truth on your letter and do not lie if you reallywant to qualify. ©www.DavidYaffeeTV.com
  13. 13. Let Us Define Sacramento Real Estate Short SaleProvide proof of Income and other financial assets –Prepare your proof of income and be sure that you aretelling the truth about your financial situation.Lying will just make you disqualified for the short salemethod so do not attempt to lie since banks willinvestigate your documents before they make anydecisions. ©www.DavidYaffeeTV.com
  14. 14. Let Us Define Sacramento Real Estate Short SaleLooking for Sacramento Real Estate homes? Then visit usat www.DavidYaffeeTv.com !We offer the most complete and comprehensiveSacramento Real Estate homes on our website! Visit usnow ©www.DavidYaffeeTV.com
  15. 15. Let Us Define Sacramento Real Estate Short Sale Brought To You By ©www.DavidYaffeeTV.com

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