Menifee Short Sales Info
How Do I Sell an Upside Down House?
Selling an upside down house is known as a short sale and currently in Southern California they make up 20 - 45 percent of the homes on the market. Short sale properties are very common, however short sales do take time and patience on the part of all parties. They require a great deal amount of negotiation skill on the part of the listing agent. Not all short sales sell or are approved by the lender(s).
You need to be careful and avoid the scams and the scam artists.
Time is running out and you need to act now to save yourself from more potential issues.
When a Real Estate Broker Realtor Lists you home for sale, they do not get paid until the closing of the home, out of the proceeds of the home. This means for the most part, no out of pocket costs.
If your home is not upside down you can list your home for sale with a local licensed Real Estate Broker - Realtor.
If your home is upside down, owe more than it is worth, I suggest you go to the upside down page and review your options with a Real Estate Attorney and a CPA. There are future implications and knowing your options is a great start.
As a California Licensed Real Estate Broker, I can offer to list your home for sale as a "short sale" and in part, ask the lender to accept less than what is owed on the loan.
If you would like to sell or Short Sell your house Please email me at Harold@SouthernCaliforniaHome.info with
Please put "Sell My House" or "Short Sell my House" in the subject line.
CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992 |