Understanding the Procedure of Sacramento Short Sale

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The short sale procedure still puzzles a lot of people, even if it was practice by many homeowners for several years now. Even agents are confused about the method. Some of them don't even know how to explain to their clients the reason why they need to short sell their most treasured property.

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Understanding the Procedure of Sacramento Short Sale

  1. 1. Understanding the Procedure of Sacramento Short Sale<br />©www.DavidYaffeeTV.com<br />
  2. 2. Understanding the Procedure of Sacramento Short Sale<br />The short sale procedure still puzzles a lot of people, even if it was practice by many homeowners for several years now. <br />Even agents are confused about the method. Some of them don't even know how to explain to their clients the reason why they need to short sell their most treasured property.<br />©www.DavidYaffeeTV.com<br />
  3. 3. Understanding the Procedure of Sacramento Short Sale<br />Other agents don't even know that banks act as lender in this kind of method and some don't know short selling exists because of two things; Hardship and the seller owes more on the mortgage than the true value of the home. <br />But what are the procedures of this method? Check them out below;<br />©www.DavidYaffeeTV.com<br />
  4. 4. Understanding the Procedure of Sacramento Short Sale<br />1. Find a good realtor who can help you out with your deal - <br />Finding the best realtor will definitely help boost your chances of qualifying for this method. <br />They will let you figure out how you can qualify for it and will explain to you the primary reason(s) of a homeowner before they can short sale their properties.<br />©www.DavidYaffeeTV.com<br />
  5. 5. Understanding the Procedure of Sacramento Short Sale<br />2. Prepare an authorization letter that will be used by your realtor in all bank transactions – <br />You will indicate in the letter that you are allowing your realtor to do all real estate transactions (including short selling) for you.<br />©www.DavidYaffeeTV.com<br />
  6. 6. Understanding the Procedure of Sacramento Short Sale<br />3. Make a seller's hardship letter – <br />Prepare a letter that says you are broke and can't pay of your loan mortgage anymore. <br />As what I have said above, being broke helps you qualify for this method.<br />©www.DavidYaffeeTV.com<br />
  7. 7. Understanding the Procedure of Sacramento Short Sale<br />4. Have a photocopy of your financial statement / Tax returns / Payroll stub – <br />Banks will verify if what you have written in your hardship letter is accurate through your financial statement, tax returns and payroll stub.<br />©www.DavidYaffeeTV.com<br />
  8. 8. Understanding the Procedure of Sacramento Short Sale<br />5. Let your realtor do the talking – <br />When you have completed everything, you may give all the documents to your realtor. <br />Your realtor will be your mouth and even your ear until the end of the deal so just let him do his or her job and don't be a bother, they know the real estate industry more than you do so just relax and trust your realtor all the way!<br />©www.DavidYaffeeTV.com<br />
  9. 9. Understanding the Procedure of Sacramento Short Sale<br />Additional Short Sale Tips<br />Don't forget to hire a realtor - Always remember to hire a reputable realtor if you want to have a smooth sailing transaction. <br />Ask friends and family members, perhaps some of them know a trusted realtor who can help you out. You can't expect a great outcome on your transaction without a professional who can assist you.<br />©www.DavidYaffeeTV.com<br />
  10. 10. Understanding the Procedure of Sacramento Short Sale<br />2. Patience is a virtue – <br />Processing of this method takes very long before they let your property undergo through it. <br />But be patient and let your realtor do his job without destructing him or her, it is recommended to stay away from your realtor so he or she can concentrate freely on his job.<br />©www.DavidYaffeeTV.com<br />
  11. 11. Understanding the Procedure of Sacramento Short Sale<br />3. Make the most out of your time by enjoying your property while you are still the owner – <br />While you are waiting for the result of this method, you may enjoy the last moments you will be in your most treasured home. <br />Allow yourself to savor that wonderful moment until the very end.<br />©www.DavidYaffeeTV.com<br />
  12. 12. Understanding the Procedure of Sacramento Short Sale<br />If you are looking for the best Sacramento Short Sale Realtor. <br />You can't go wrong by choosing David Yaffee. He is one of the most trusted and expert Realtor in the entire Sacramento region.<br />If you want to use David Yaffee'sSacramento Short Sales expertize then just go to his site www.DavidYaffeeTV.com.<br />©www.DavidYaffeeTV.com<br />
  13. 13. Understanding the Procedure of Sacramento Short Sale<br />Brought To You By<br />©www.DavidYaffeeTV.com<br />

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