Santa Monica CA – It always amazes me when I hear the stories of agents who talk about horrible short sales are. “Don’t waste your time on a short sale”, they tell homeowners.

“They are a waste of time. The lenders won’t approve them and the process is horrible. The last short sale I worked on took 9 months”, they say.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

This gives short sales a bad name. Homeowners mistakenly believe that a short sale is impossible. I am here to tell you that is not true.

The Stop Foreclosure Institute has sold and closed many short sales. There are two keys to being successful. First, you have to understand how the process works. Second, you have to keep an eye on the transaction from start to finish.

Here is the closest comparison I can think of on why some agents hate short sales. Let’s say that you are a brand new driver.

You hop into a car, accelerate to 70 miles per hours, turn on cruise control, and then start reading a book. Every 5 minutes or so you look up to check on what is going on with your car.

You aren’t successful at driving a car. Your friend is thinking about learning how to drive. “Don’t even think about driving a car. Driving just doesn’t work and it is impossible to get anywhere”, you tell them.

Is what you just said correct? Is driving a car impossible? No, it’s not! But, many agents make the same claim about short sales.

They have never studied and learned the process. They have never successfully sold a short sale. But, they are sure ready to tell you that it doesn’t work.

Here is what they missed about short sales.

1. You need to be knowledgeable about the process. You need to have a solid understanding of HUD-1s, BPOs, and the short sale guidelines of the entity that owns or insures the loan.

2. You have to stick with the transaction. You need to follow up with the short sale lender regularly. You can’t check in on the short sale every week or two. A lender will often ask for something and want it back within 24 hours.

If they don’t get what they need, then they will close the file. If you agent isn’t checking in regularly, then the short sale file could be closed without their knowledge.

In addition, your agent needs to be able to make sure the HUD-1s and BPOs are accurate. I will explain what those acronyms mean and why they are important in my next post.

Ask the agent you are interviewing why they are important. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: What can go bad on a short sale when you hire an agent that doesn’t understand short sales is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

When you are having a tough time financially, it may seem like you will never get back on your feet. But, most people do get back on their feet.

They find another job and start making money again. Their credit will usually be back to normal in 2-3 years.

Why not buy a new home at that time? If you short sale, then you will be eligible to do that. Fannie Mae will consider you for a new loan 2 years after a short sale.

You would have to meet all of their credit guidelines and other lending criteria. Most derogatory credit items such as late payments or collections won’t have as much of an impact when they are 2 years old.

In addition, there are many ways to get derogatory items removed from your credit. The other great option is an FHA loan. FHA allows you to buy a home with only 3.5% down.

Current FHA guidelines will loan to you 3 years after a short sale. Contrast that with the 5-7 year wait required if the home is foreclosed on by the lender.

That is the number one benefit of a short sale. You can get back on your feet and buy another home a lot faster than if the lender forecloses on your home. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor , Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Why Should I Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Luis. Here is Luis’s Question.

“I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as my home is worth, plus the interest on that mortgage? It just doesn’t make sense.

How can I get a loan mod with a fair interest rate where I am repaying what my home is worth today? Thank for your help, Luis.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was our answer. You are asking for something that most lenders don’t like to do. Lenders don’t like principal reductions. Here is why.

Principal reductions usually have to be written down right away on their financial books. If you owe them $300,000 and they reduce your loan principal to $150,000, then they immediately have to reduce the company’s earnings by $150,000 for the year.

If they do that on enough loans, then it hurts the CEO’s ability to get a bonus. He may even risk losing his job. I don’t offer much sympathy to CEOs, but that’s how it works.

Here is what lenders like to do instead. They will reduce your interest rate to 2% for 5 years. After that, the interest rate will go back to the original level.

That way the write off will be much smaller than $150,000. It might be a $30,000 write off. That makes a much smaller difference on the CEO’s bonus for the year.

It’s also one of the reasons that most loan mod programs don’t work. The banks aren’t willing to be realistic.

It’s also why I think a short sale is the best principal reduction plan. You get to erase the bad debt. Rent a home for 2-3 years and then buy a new one at today’s market level.

That way you guarantee your principal reduction and don’t waste time arguing for a principal reduction with someone who isn’t allowed to give it to you. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor , Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Why Should I Pay Double For My Home? is provided as a courtesy to our viewers to help them make informed decisions

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Phil. Here is Phil’s Question.

“I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will investor pursue deficiency? If yes, will they follow FL or CA law? Thanks, Phil.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was our answer. That is a legal question. Since I am not a lawyer I cannot answer it.

I do know that you can usually short sale in Florida and get the lender to forgive you of the debt. However, there are other things you can do to avoid the deficiency problem.

First, work hard to convince your lender to waive the deficiency. Investment Property Short Sales are tougher because the lenders are more reluctant to waive the deficiency.

But, many lenders will waive it. Others will agree to waive it when you have presented financial statements that show you cannot afford the deficiency.

So I think that over half of the deficiencies will be waived by the lenders. Here is what you can do for the remaining ones. First, depend on incompetence on the lender’s part.

Most lenders don’t have enough staff to handle their delinquent debt. Even if they do have the right to a deficiency in most cases the only thing they will do is call you.

When they call, you simply tell them that you don’t have the money in your budget that month to pay them anything. Don’t say anything more than that and don’t lie to them.

(A lie can get you in legal trouble later on. You are better saying very little and hanging up the phone than lying.)

Most lenders won’t do anymore than “sic” the debt collectors on you. They hardly ever go to court or attempt to garnish your wages. E-mail me for a simple letter that will legally stop the harassing phone calls.

In my opinion, this will enable you to short sale 90% to 95% of all investment properties and avoid paying a deficiency. Here is what you should do if you fall into the unlucky 5-10%.

Hire a good lawyer. They can usually find a hole in their court case and get you out of paying the debt. These lenders are so disorganized that the often do not have all their paperwork in order.

Or, they can find a situation where the lender broke Collection Law. In that case, the lender is usually more than happy to settle with you versus facing a lawsuit.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor , Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Can I Short Sale Investment Property Without A Deficiency? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Brent. Here is Brent’s Question.

“If we are not behind on our mortgage but can’t sell our home through a normal sale because we don’t have any equity, can we still qualify for a short sale?

We would like to sell this property and get another property where we are not upside down. Thank you!” asked Brent.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was our answer. Brent, there is actually a federal short sale program that encourages what you would like to do. It is called the FHA 4155 loan program.

It allows a person that is short selling their house to buy another one right away. However, there are a few caveats.

We have been told that you will need the following. (Guidelines can change at any time, so make sure you check them with a Mortgage Professional familiar with the program.)

A. A 640 FICO credit score or better.

B. You must be current on all installment payments and on your mortgage.

C. No bankruptcy or foreclosure on your credit in the last 7 years.

D. The home you are purchasing must be inferior to the one you are selling. I don’t know the exact guidelines, but I think it means it is a smaller home, or it has less bedrooms or a lower price.

E. You will need the 3.5% down payment for the new purchase.

The biggest hurdle will be getting your current lender to approve the short sale. Most lenders will approve a short sale. It just takes time and a little patience.

But, it is a great opportunity to move on from your upside down property and start building equity elsewhere.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor , Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Can I Short Sale My Upside Down Home? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Chad. Here is Chad’s Question.

“I own a condo in Hackensack, New Jersey. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k.

I have been trying to sell my unit for upwards of 2 years with no success. I have been unable to refinance because my unit is worth much less than the balance on my mortgage.

I have been denied a loan modification. I must move by this summer and do not want to make a penny on the sale. I just want to be rid of this property.

I have been advised that I would not get approved for a short sale because I do not have a financial hardship. However, I am not sure this is correct. I am seeking advice as to what my options are.” said Chad.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was our answer. If you are moving for a job transfer then, then you have a legitimate hardship. I do know this.

If you move in 6 months and stop making the payments, then something will need to be done. The bank will either approve a short sale or foreclose on your property.

You could try to rent the unit out and write a check every month to cover the payments. But, then you would be limping along for years until the market improved and you can sell.

But, what if things get worse? What if a tenant trashes your condo and you can’t afford the repair bill? No one wants to rent a trashed condo.

You would have a hard time covering the payments then and even risk a foreclosure. I would start the short sale process today. There is a good chance that your lender would approve a short sale today.

If not, then you could convince them to approve it later, after you have moved. Some short sale negotiators are easy to work with and will approve the short sale.

Others might play hardball and want a promissory note from you. It’s all negotiations. The sooner you start the negotiations, the sooner you can move on with your life.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor , Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Can I Short Sale If I Don’t Have A Normal Hardship? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Mau. Here is Mau’s Question.

“Is it legal for a short sale seller to buy the house he is selling on short to reduce his mortgage loan?” asked Mau.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was our answer. We don’t know of any law on the books that forbids a person from buying a home they are short selling. Here is what we do know.

Most banks and lenders don’t allow it. If the short sale negotiator sees a sales contract with you as the buyer, then they won’t approve the short sale.

Sure, you could do fishy paperwork to buy the home yourself. But, you risk getting in trouble for fraud if you were caught.

I think the biggest reason people aren’t trying this is because they can’t get a loan after a short sale. You aren’t able to buy another house for 2 years after a short sale.

There is an FHA loan program that allows you to buy after a short sale. But, one of the stipulations is that you must be buying a smaller or inferior home.

If you are looking to reduce your mortgage loan, do it the legal way. Get a loan modification with your current lender. Or, short sale your current home, rent for 2 years, and then buy a new home.

That allows you to wipe out the upside down debt and move on with your life. And best of all, you aren’t at risk of going to jail for fraud.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor
Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Is It Legal For A Seller to Buy The House He Is Short Selling? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example.

The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago.

The bank did an appraisal. The appraiser thought the house was worth $265,000. The lender rejected the offer because it didn’t meet their guidelines.

We put the home back on the market and waited for another offer. The property values continued to decline. The next offer came in for $185,000 several months later.

The bank re-opened the short sale process and ordered a new appraisal. This appraiser thought the house was worth $197,000.

The bank approved the short sale offer. As you can see, short sales can get approved with a little luck, time, and persistence. With some luck, the bank will see that the short sale makes financial sense and approve it.

We’ve seen over 50% of our short sales sell, get approved, and close in 3-4 months. And that’s the first attempt at negotiations.

The majority of the remainder will get approved, but we will have to submit more offers.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor
Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Yes, Banks Are Approving Short Sales in Santa Monica is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Tamra. She is buying a home and her agent is trying to talk her out of short sales.

Here is Tamra’s question. “I am looking to buy a home. Some of the best priced properties are short sales. However, my agent won’t show me these homes.

She keeps on telling me the prices are lower than the lender will accept and that short sale never close. What should I do? I am really interested in these homes, especially at the price they are being offered at.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was my answer. Tamra, you should talk to your agent and see what they dislike about short sales. Your agent may have had a bad experience with short sales in the past.

Short sales are a great way to purchase a home at a good price. They are tougher and take a lot longer than your average real estate transaction.

However, that doesn’t mean you shouldn’t consider them. Just be cautious with your search. Make sure the agent who has the house for sale has prior short sale experience.

Your agent can ask them what short sales they have sold in the past. If they or the people working with them have a good track of working with the banks, then you should be ok.

Remember, not every short sale is going to be approved at the listing price. But, if they banks feel the price is fair, then they will accept the offer.

So go look at some of those short sales. With a little luck one of them will be the perfect home that meets exactly what you are looking for.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor
Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Why Is My Agent Trying To Talk Me Out Of Buying A Short Sale in Santa Monica? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – Many agents and buyers are scared of short sales. Here is something that I do to make the short sale process easier for the home seller.

Before I start negotiations with your lender, I will order a complete title search. Here is why I do that. I want to know all the costs upfront, before I give the bank a number.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

If I don’t do this, then the short sale lender will approve the short sale at a certain price. We can get to the closing table and discover there are unforeseen costs.

Then we have to go back and re-negotiate with the short sale lender. This can be tough because they already have a higher number in mind.

Sometimes you have to start the short sale negotiations all over again. That can delay the short sale by 2-3 months, if not longer.

This trips up many agents and causes them to bad mouth short sales. Extra costs can show up in the form of higher than expected Homeowner’s Association Dues, Property Taxes, and other costs.

The title company will do a complete title search. They will get an estimated payoff from the Homeowner’s Association, and estimate the payoff for the taxes.

Since I take this pre-caution I have found short sales to be easy and fun. Before you hire a short sale agent, ask them about the short sale process. If they don’t mention this step, then find another short sale agent.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 310-464-5911

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Santa Monica loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at
DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor
Short Sale Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Danita Tabron’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

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