Menifee Short Sales Info

What is a Short Sale?

A short sale is when a property is sold that is approved by the lender(s) and the asset is released for less than is owed.

Not all Short sales are alike.

Not all short sales are approved.

Usually there are certain circumstances that a party must meet to short sell a home and even then it is not guaranteed.

The transaction must be a arms length transaction.

The property usually is owner occupied.

The owners of the property have a hardship and cannot repay the loan.

The owners do not have liquid assets.

Owners cannot sell the home them self.

The lenders may or may not approve a short sale as they have a financial interest. The lenders have the final say.

The rest of the sale is the same as any ordinary sale.

The home should be kept clean and saleable.

You should disclose all known defects, repairs and material facts of the property to the buyers.

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

SO CAL HOMES REALTY
Harold Sharpe

(951) 821-8211

FORECLOSURE QUESTIONS

Harold Sharpe is the owner of
So Cal Homes Realty.

Harold Sharpe is a Licensed
Real Estate Agent, since 2000.

Harold Sharpe is a
Licensed Real Estate Broker,
since 2005.

Harold Sharpe specializes in Selling Houses, and Finding homes for people.

So Cal Homes Realty is the Real Estate Brokerage to assist you in Buying or Selling a House.

Feel Free to call Harold at

(951) 821-8211

DRE LIC #01312992

Monday - Sunday 9am - 7pm

After Hours E-Mail

Schedule to see Houses in Person Before they Sell!

Home Page