Solving Your Mortgage Crisis Just Got Easier

Solving Your Mortgage Crisis Just Got Easier

5 Steps for a Successful Short Sale

Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past.

If you are considering short selling your home to avoid the financial and emotional fallout of foreclosure, you should be aware of the five steps you should take to increase your chances of a successful transaction.

First, do you qualify?

You must:

  1. Have a verifiable hardship, like unemployment, medical bills, or relocation
  2. Must have a monthly income shortfall
  3. Be insolvent (you have no cash or assets that can be sold to pay down the mortgage), or headed towards insolvency

If you meet these qualifications, follow these five steps to a successful short sale:

  1. Contact me so we can identify your servicer, fill out a short sale packet for the lender, and assemble all the required information needed to list your home for sale
  2. Gather financial information (i.e., bank statements, pay stubs) from at least the last three months
  3. Keep your house in showcase condition for showings, and make as many repairs as necessary and that you can afford
  4. Expect the lender, junior lien holders, and private insurance companies to request more paperwork, and try to gather requested information quickly to ensure transaction efficiency
  5. Set realistic expectations and work with me, the lender, and the buyer to the satisfaction and benefit of all parties involved

For more information about how the short sale process works, or about any other foreclosure alternatives you may qualify for, call me today. I can help you alleviate the burden that the threat of foreclosure brings, and we can develop a strategy to help you breathe a little easier.

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

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Santa’s Village in Poway

 FREE event for families for the Holidays

17868 Joyas Court, Poway, CA

Something fun to do with the family is check out Santa’s Village in Poway.  Usually advertised through word of mouth, as I have yet to find a website advertising it, the house on 17868 Joyas Court opens its doors to families in the community usually starting Dec. 10th and running through the 22nd of December from 6-8pm, except on Sundays.  Parking is somewhat limited, as you’ll have to walk to the house and up a bit of a hill…but it is very much worth it.  Once you get to the house, the walkway has gorgeous lighted archways.  You will more than likely see a long line…don’t fret….that line is to see and take photos with Santa.  You can easily bypass the line if you choose to go straight into the home to view the extravagantly decorated rooms.  You may be overwhelmed at how much there is to see, but take time to appreciate all of the effort that went into putting it together.  There is an area where you are free to enjoy hot chocolate and cookies.  And finally, each child is given a small gift…and by the way…everything is FREE!

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Mary Ellen Haywood
CA BRE License #01264878
Mobile:619-994-5515

Pacific Sotheby’s International Realty
810 West Washington Street
San Diego, CA 92103

Office: 619-269-2277
eFax: 619-819-9910

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