Homeowner / Seller's Information

What is a Foreclosure?
A legal process in which the lender exercises their right to sell the property which secured the loan, due to borrower’s default on the terms of the loan(s).

What is a Short Sale?
A sale in which the outstanding obligations (loans) against the property are greater than the amount for which the property can be sold.
 
What are the Tax and Credit Consequences for a Foreclosure and a Short Sale? The following table will outline the different consequences as a result of a foreclosure and a shortsale:Consequences.pdf  (Shortsaleplan.com always recommends that you ask your financial advisor for specific information about your current situation).
 
Do You Qualify For A Short Sale?
 1. Do You Have a "Qualifying” Hardship?

  Unemployment
  Reduced Income
  Divorce
  Separation
  Medical Bills
  Too Much Debt
  Death of my Spouse
  Death of Family Member		 Payment Increase
Business Failure
Job Relocation
Illness
Damage to Property
Military Service

2.

Can You Substantiate your Hardship with Letters, Documents, Information, etc.?

 3.

Has a Real Estate Agent Determined that the Current Value of Your Home is Less than the amount of total Loans Against Your Property?

If you answered “yes” to these questions, you may qualify for a “Short Sale.”

Contact Shortsaleplan.com for the name of a qualified and short sale experienced agent in your area that is approved for our referral network or if you already have a real estate agent, have your agent contact us for additional information.

REMEMBER... 
Timing is essential with a short sale.  If you are having financial difficulites, don't wait until it is too late!
 
Cost:
No upfront fees for the Seller.
30% of the Listing Agent's commission at the close of the transaction. We don't get paid until you do! Please call Becky 714-692-5652 if you have any additional questions. Thank you.


Click Here to see our
"Frequently Asked Questions" video.
Shortsaleplan.com’s Proven Strategy:
  • Professionals to Explain and Guide Your Agent and You Through the Short Sale Process.
  • If necessary, an Independent Property Valuation for Initial Pricing / Offer Negotiations.
  • A Central Point of Communication for All Parties Involved.
  • A Complete and Accurate Short Sale Package Submitted to the Lender(s).
  • Experts working with Lender(s) on Your Behalf, to get your Property Approved!