Menifee Short Sales Info
Is a Short Sale Better for My Credit?
A short sale would be much better than having a foreclosure on your credit.
A foreclosure may cut your credit score around 200 - 300 points.
A short sale may cut your credit score around 60 points.
Keep in mind, you need good credit and background to get a job.
You need good credit to save money on decent Insurance.
You need good credit to rent a house.
A foreclosure will stay on your credit for up to 7 years.
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
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