Sacramento Real Estate And The So Called Short Sale©www.DavidYaffeeTV.com
Sacramento Real Estate And The So        Called Short SaleYou might have heard about a short sale and it’sdifference to fo...
Sacramento Real Estate And The So        Called Short SaleThe easiest way to know if you may consider a short saleof your ...
Sacramento Real Estate And The So        Called Short SaleIf you can’t cope with your monthly loan mortgageanymore then it...
Sacramento Real Estate And The So        Called Short SaleMany short-sale scenarios have occurred as a result of thedeclin...
Sacramento Real Estate And The So        Called Short SaleThe banks will act as lenders in this method. But beforeyou can ...
Sacramento Real Estate And The So        Called Short SaleLenders and other financial firms will try to assess yourpropert...
Sacramento Real Estate And The So        Called Short Sale“A short sale is sold by the home-owner with lender (thirdparty)...
Sacramento Real Estate And The So        Called Short SaleThe homeowner is considered pre-foreclosure when thebank officia...
Sacramento Real Estate And The So        Called Short SaleThere are only two reasons that a homeowner is noteligible for s...
Sacramento Real Estate And The So        Called Short SaleAccording to an agent, foreclosure is the process of thebank tak...
Sacramento Real Estate And The So        Called Short SaleThe bank will list it for a price it can obtain on the currentma...
Sacramento Real Estate And The So        Called Short SaleThis action can cause financial devastation for thehomeowner wit...
Sacramento Real Estate And The So        Called Short SaleBanks usually cut a home owners credit score to awhopping 300 po...
Sacramento Real Estate And The So        Called Short SaleLooking for Sacramento Real Estate homes?Then visit us atwww.Dav...
Sacramento Real Estate And The So        Called Short Sale           Brought To You By          ©www.DavidYaffeeTV.com
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Sacramento Real Estate And The So Called Short Sale

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You might have heard about a short sale and it’s difference to foreclosures so I will give a background behind the said topic. But first, let me explain a short sale in a simple form. “A short sale is a loss-mitigation solution for the lender and the homeowner.

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

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Sacramento Real Estate And The So Called Short Sale

  1. 1. Sacramento Real Estate And The So Called Short Sale©www.DavidYaffeeTV.com
  2. 2. Sacramento Real Estate And The So Called Short SaleYou might have heard about a short sale and it’sdifference to foreclosures so I will give a backgroundbehind the said topic.But first, let me explain a short sale in a simple form. “Ashort sale is a loss-mitigation solution for the lender andthe homeowner. ©www.DavidYaffeeTV.com
  3. 3. Sacramento Real Estate And The So Called Short SaleThe easiest way to know if you may consider a short saleof your home is to ask your Realtor to determine thecurrent market value of your home, then compare thatagainst how much you owe on your home.”In a nutshell, short sale means you owe more than whatyour current home value is and when this happens, youcan use the short sale method to avoid foreclosureproceedings. ©www.DavidYaffeeTV.com
  4. 4. Sacramento Real Estate And The So Called Short SaleIf you can’t cope with your monthly loan mortgageanymore then it’s about time you do the short sale to saveyour home from getting foreclosed and to avoid having abad credit score.Homeowners who can prove that they are incapable ofpaying their monthly mortgage will be considered asqualified for the said method. ©www.DavidYaffeeTV.com
  5. 5. Sacramento Real Estate And The So Called Short SaleMany short-sale scenarios have occurred as a result of thedecline in property values and lenders refinancing homesfor more than their actual values.If you need or wish to sell your home and hope to avoid aforeclosure, a short sale can be a positive solution foryou, as the homeowner, as well as the bank. ©www.DavidYaffeeTV.com
  6. 6. Sacramento Real Estate And The So Called Short SaleThe banks will act as lenders in this method. But beforeyou can short sale a property, you must look for someonewho can help you find good lenders in the region: realestate agents will do.They know what to do in this method, so hire one if youreally want to try short selling properties. ©www.DavidYaffeeTV.com
  7. 7. Sacramento Real Estate And The So Called Short SaleLenders and other financial firms will try to assess yourproperty and will pre qualify you.Once the lender has agreed, they will let you prepare therequirements needed for this particular real estatemethod. ©www.DavidYaffeeTV.com
  8. 8. Sacramento Real Estate And The So Called Short Sale“A short sale is sold by the home-owner with lender (thirdparty) approval of the sale terms before a foreclosuretakes place and generally results in a gentler “bruising”effect on the homeowner’s credit, for a limited number ofyears. ©www.DavidYaffeeTV.com
  9. 9. Sacramento Real Estate And The So Called Short SaleThe homeowner is considered pre-foreclosure when thebank officially sends a notice of default or a notice that itis taking legal action against the homeowner to collect thedebt.A short sale can still take place during the foreclosureprocess.” ©www.DavidYaffeeTV.com
  10. 10. Sacramento Real Estate And The So Called Short SaleThere are only two reasons that a homeowner is noteligible for short sale and these are the following;- The foreclosure has already taken place and the home isup for auction.- The homeowner files for bankruptcy. ©www.DavidYaffeeTV.com
  11. 11. Sacramento Real Estate And The So Called Short SaleAccording to an agent, foreclosure is the process of thebank taking back ownership of a house due to thehomeowner’s inability or unwillingness to pay themortgage.The home-owner loses possession of the property andupon foreclosure it becomes an REO (real estate owned)or bank-owned property. ©www.DavidYaffeeTV.com
  12. 12. Sacramento Real Estate And The So Called Short SaleThe bank will list it for a price it can obtain on the currentmarket, typically via a local Realtor.The listing price is determined by broker price opinions,recent comparable sales in the area and the condition ofthe home. ©www.DavidYaffeeTV.com
  13. 13. Sacramento Real Estate And The So Called Short SaleThis action can cause financial devastation for thehomeowner with regard to credit standing for years tocome.Short sale can save you from declaring bankruptcy sowhen you are in the midst of crisis like you can’t pay yourloan anymore, allowing short sale is a good choice optionrather than foreclosure because it saves the homeowner’scredit ratings. ©www.DavidYaffeeTV.com
  14. 14. Sacramento Real Estate And The So Called Short SaleBanks usually cut a home owners credit score to awhopping 300 points or more when you allow yourproperty to get foreclosed.A short sale offers a gentler result, with a decrease ofcredit score by just 100 points on the average. ©www.DavidYaffeeTV.com
  15. 15. Sacramento Real Estate And The So Called Short SaleLooking for Sacramento Real Estate homes?Then visit us atwww.DavidYaffeeTV.com!We offer great quality Real Estate Sacramento homes!Visit us now! ©www.DavidYaffeeTV.com
  16. 16. Sacramento Real Estate And The So Called Short Sale Brought To You By ©www.DavidYaffeeTV.com

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