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Short Sale "FAQ's" Part 2

What Can Go Wrong with a Short Sale?

Hiring a professional is the surest way to prevent anything going wrong with your short sale. Our team of experienced loss mitigation, Hope, and Home Retention Team-experienced negotiators will prepare the short sale package unique to your circumstances and situation, and present it to the bank along with a new offer to purchase from a qualified buyer, and negotiate a win-win situation for all parties. Agents who do not prepare complete short sale packages will find their files (and your home sale) placed on the bottom of the stack. Our team knows how the process works, what to send in, how to prepare it, how to negotiate the sale, and how to get accepted, all at no cost to you. We are known by the insiders as "the team that gets the job done." And we can back this up with closed short-sale files.

What Documents Do I Need? 

We will send you a list of documents needed for a short sale. In all cases, we will need your mortgage coupons, a copy of your recent pay stubs, two recent bank statements, and your W-2's or tax returns. If there is a reason you can't provide these, or if you want to discuss your situation by phone, feel free to call Marie at (858) 693-5404. You may also make an appointment to meet in our offices.

How Long Before I Have to Be Out of My Home?
The short sale process is not really short.  It will often take 2-4 months to close a short sale once the complete package is submitted to the lender. We will keep you informed of what is going on throughout the process, and you can count on us to be in touch with your lender on a regular basis.

What are the Benefits of a Short Sale?

1. You will not need to make mortgage payments during the short sale.
2. You will not owe out of pocket real estate commissions    
3. You will not have a Foreclosure on your credit report
4. Your will have a  "settled debt" on your credit report 
5. You will not have to deal with the lender's debt collection department!
         
If I am not late on my payments, can I qualify for a Short Sale?
Depending upon your circumstances, the bank will consider allowing you to short sell, even though you are current in your payments, if the value of your property is less than the loans on it.

Must I have received a Notice of Default to qualify for a Short Sale?
No, we would prefer to begin the short sale process long before your lender issues a Notice of Default. This notice is the first step in the foreclosure process, and it is sent to you 90 days after your first missed payment. There follows a very strict time line of legal action. The backlog of delinquent properties is such that the sooner you allow us to list your home and submit the short sale, the better for you.

What if I have received my Notice of Default?
We can still negotiate short sale if you have received a notice, but you must call us IMMEDIATELY at (858) 602-7800, because time is short, and the Notice of Sale will be coming. Do not hesitate to fill in our e-form today.

What if the bank has sent me a Notice of Trustee Sale?
It is not over until the home is sold, so please call. We can postpone the Trustee Sale and negotiate a short payoff if we can get an offer in property in time. If the Trusteee Sale date is 14 days or less and there is no offer on the property, it becomes less likely that anyone can help you. Contact us now, please.

How should I contact you?
If your mortgage is already overburdening you, or you are expecting an interest rate reset, or you have received a Notice of Default, contact us NOW!!  Don't waste time.  Act fast! A successful short sale depends on you giving us the time needed to complete the many steps associated with a successful short sale. Back to Short Sale FAQ - Part I.

 

Call 1-858-693-5404 for a free Short Sale consultation

 

 

 

If you are looking to short sale in the following areas, please call us: Escondido, Otay Ranch,Chula Vista,Vista,San Diego,Spring Valley,Oceanside,Eastlake,San Marcos,Mira Mesa,El Cajon,San Miguel Ranch,Little Italy,Santee,Paradise Hills,Otay Ranch Village,San Elijo Hills,Eastlake Greens,Ramona,Clairemont,Rolling Hills Ranch,National City,Rancho Del Rey,La Mesa,North Park,Santa Fe Hills,Fallbrook,Encanto,Eastlake Vistas,San Ysidro,Rancho Del Oro,Eastlake Trails,Rancho San Diego,Nestor,Ocean View Hills,Normal Heights,Shadowridge,San Carlos,City Heights,Lemon Grove,East Village,Lakeside,Winding Walk,Mission Valley,Oak Park,Rolling Hills,Tierrasanta,University Heights,Poway,La Costa,Bay Terraces,Vista Pacifica,Rancho Penasquitos,Sunbow,North Escondido,Calavera Hills,College,Granite Hills,Carlsbad,Escondido Hills,4S Ranch,Discovery Hills,Discovery Meadows,Redwood Village,Rancho Coronado,East Escondido,North Park,South Park,Hillcrest,Jamul,Del Cerro,Savannah Terrace,Mesa Margarita,Imperial 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Point,Rancho Rios,eloan,Clairemont Mesa,College Park,Sunshine Gardens,Rancho Del Oro,Valley View Ranch,Creekside Estates,Villa Aspara,Los Alisos,South Crest,Rancho Pacifica,Indigo,East Side,Woods Valley,Rancho Penaquitos,Mayberry Estates,Cortez Hill,Paradise Gardens,Heritage,San Elijo,Olde Carlsbad,Vista Valley,Sun Gold,Serramar,Blossom Valley,Rancho San Geronimo,Pinery Grove,Fashion Valley,Travata,Tres Lomas,West Escondido,Rancho El Cajon,Rexview Estates,Bressi Ranch,Villa Portofino,AllureSabre Springs,Granite Hills Colony,Bay Terrace,Silver Crest,North Pacific Beach,Guajome Meadows,Vista Mesa,Rancho Verde Heights,South Bay Terrace,California Summit,Blossom Walk,Kent Ranch,South Bay,Fire Mountain,Dennery Ranch,Sandalwood,South Chula Vista,Colinas De Oro,Torrey Highlands,Mesa Loma,Mar Vista Terrace,Knollwood Park,West Hollywood,Mirabella,West Chula Vista,Cantabria,The Grove,Downtown San Diego,Carol Estates,Stone Canyon,Crestwood,Lake Morena,Creekside Village,Timberlane,Cottonwood,Ballpark,Rolando Park,Pacific Hermosa,Mira Costa Mesa,Del Coronado,Cosgrove Park,Crown Point,Bostonia,Mission Hermosa,Park View Estates,Woodglen,North Encanto,Vista Estates,Summit Place,North Bay Terraces,Summit At Eastlake,Hillsdale,Fashion Hills,Penasquitos Villas,Orchard Creek,Highland Park,Sunridge,Pine Valley,Chollas View,San Marcos Woods,Columbia,Coronado Ranch,Riviera Del Sol,El Cerrito Heights,San Miguel,Vista Knolls,Emerald Estates,Oakhill,Seabreeze,Bay Manor,Avocado Estates,Mesa Summit,Aragon,Vista Madrone,Chula Vista Gardens,Summerhill,Brookside,Renaissance,Liberty Station,Vista Point,Coronado,Emerald Hills,Cindy Park,Cielo,Quail Ridge,Bay Shores,Villa Monterey,Las Piedras,Aviara, refinance, sell home, list home.


Our offices are located at 10650 Treena St., Suite 103, San Diego, CA 92131. Our telephone is 858.693-5404. We value your patronage, and the trust you have placed in us. We are committed to earning and maintaining your confidence.

 

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 Goldman & Klein works hand in hand with Affinity Financial and Positive Real Estate to help you with all your real estate needs. You will be telephoned within the next 24 hours. Remember, a short sale actually saves your credit. It is treated by your lender as a "settlement of a debt", and as opposed to a foreclosure, it is infinitely easier on your credit. We have helped hundreds of homeowners save their credit, and be ready to buy again within 24 months.

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