Orange County Short Sales and Short Sale Information

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 Short Sales Defined- A short sale is real estate transaction whereby the current lender (s)   agree to allow the owner to sell the property for an amount less than the current mortgage.

Orange County short sales are different than equity sales: Short sales are more complicated and time consuming than an average real estate sale, making it important to retain an experienced real estate professional to oversee and negotiate the transaction.  Short sales are being pushed as a win-win situation since the bank gets something, and the homeowner avoids foreclosure.  The process is not necessarily complicated but they do require some work on your part and the part of your agent.  Short sales are one of many ways of stopping foreclosure of your home, and they are advantageous to all parties in involved.

Benefits of a short sale The theory behind short sales is that banks would be better off to accept a loss now, versus going through the legal expense of a foreclosure, just to end up selling it for less later.  The benefit to both parties are that the homeowner doesn't suffer the credit impacts/stigma of foreclosure and the lender can clear a non-performing loan without the associated costs of foreclosure, eviction and property rehabilitation.  A short sale is a viable alternative to foreclosure when foreclosure is imminent and unavoidable, property values do not support a price sufficient to pay the loan in full and the borrower will not receive compensation from the sale.

Many loan officers and Realtors say they know a lot about short sales, but don’t know how to the short sale process works or even why a short sale is a better alternative to a foreclosure.  A short sale is an extremely important transaction that should be handled by a trained and experienced professional.  By being a native of Orange County and by achieving the designation of  CDPE (Certified Distressed Property Expert) and as a Realtor® that has successfully closed Orange County short sales, as well as short sales in the counties of Riverside, San Diego, Los Angeles, and San Bernardino, our broker has the training and the experience you need in order to guide you through this process.  Your first step is a phone call to discuss your situation and to evaluate your available options.  Please call today 800-546-2289 to discuss your unique situation.

Getting Started with your Orange County Short Sale

 Your first step to find out about what a short sale can do for you is to either Click Here to submit your short sale contact request form or give us a call give us a call at 800-546-2289.  You will be contacted a soon as possible with someone knowledgeable to answer all of your questions.

Orange County short sale specialist!