You Have Options!
Are you aware that loan modification, refinance, forbearance, repayment plan, foreclosure, deed in lieu of foreclosure, Dee-for-Lease TM, Bankruptcy and short sales are options for struggling homeowners? The short sale is one option that has grown in popularity. This may be in part due to a new development in California. The passage of Senate Bill 931 (Ducheny) and Senate Bill 458 (Corbett); prohibits lenders, residential 1-4 units, who agree to a short sale from pursuing homeowners for the deficiency that is realized as the result of a short sale.
The fact is only you, in conjunction with the appropriate legal, financial and tax advisors can determine the best course of action. In the event you decide to proceed with a short sale, Coldwell Banker Residential Brokerage and I can assist you.
Together we possess the necessary tools to strategically employ our resources to facilitate successful short sale transactions. Understanding the complexities and confidential nature of short sales allows me to work with your lender toward achieving a successful outcome. I welcome the opportunity to be of assistance and look forward to meeting with you so that you may evaluate our many resources.
A few important facts to consider:
1) there are no guarantees.
2) lenders are not required to approve short sales, and
3) in the event you stop paying your mortgage, you could loose your home and damage your credit.