“Get The Information You Need, Stop The Phone Calls, And Understand All of Your Options Before Pursuing A Short Sale”
When you are considering all of your options on whether to sell your home in San Jose it is important to know all of your options. Sometimes a home has to be sold and there is not enough equity in the property to sell the home to a new buyer.
Whenever there are economic challenges, there are often homeowners who get put in unfortunate circumstances. Whether it is due to job loss, mounting medical expenses, or another situation, it often becomes necessary to sell a home where there is not enough equity to sell it in a traditional manner.
Some homeowners feel that their only way out is foreclosure. This couldn’t be farther from the truth. We have put together this information resource for homeowners in San Jose so you can understand your options when considering a short sale.
We have put together detailed information to break the myths around short sales and help you to get the information that can help.
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Real Estate Hardship Letter – Hardship letters provide the reasoning and rationale for the pursuit of a short sale. This letter, although it can be simple, can be one of the MOST important factors on whether or not your home gets approved for a short sale.
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Loss Mitigation Packets – Every bank has a different loss mitigation packet. These detailed packets must be filled out correctly if you are going to get the process started quickly and have a chance for success.
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Presenting Your Finances – The banks will want to understand detailed information of your finances to see if you qualify for a short sale. There are different rules and guidelines that each institution will follow so it’s important to know how to present your finances effectively.
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Selling Your Home With No Equity – A short sale, by very definition is selling your home when there is not enough equity to sell it at market value. Understand more about this process and how we can help you sell your home and save your credit.
- Loan Modification – Instead of a short sale, a loan modification may be possible. The bank doesn’t want to own your property and they may modify your loan to great terms that keep your payments affordable. Discover what to look for when considering a loan modification.
Avoiding foreclosure and pursuing a short sale is possible and we can help. We have helped families throughout all of San Jose save their credit and complete short sales. We understand that you may not be ready yet to even consider a short sale. To help you discover more about your options we invite you to take just 30 seconds to fill out the form below to get our 5 Best Tips to help you avoid foreclosure and stop the phone calls from your lender.