Corona Short Sale Real Estate Broker Offering Short Sale
A short sale occurs when a residence is sold for a price less than the present existing debt. It is referred to as “debt forgiveness offered by a lender to a homeowner.” The lender agrees to take less than the total owing in exchange for the release of the mortgage as a lien on the property in a short sale. If you owe more than your property is worth, a short sale could be an excellent alternative. Corona short sale real estate brokers who offer short sales are well-versed in this process.
You may even be confused about whether you need a short sale or a pre-foreclosure sale, which is when you break even after selling your property. If you’re wondering, “How can I short sale my house in Corona?” you’ve come to the right site. Some Corona real estate transactions in recent years were made with little to no down payment, and these homes became ‘underwater,’ meaning the sellers owed more money than the property is worth, necessitating some forgiveness from the lender at the time of sale.
Corona short sale transactions are now being pre-approved by banks. Yes, it is conceivable! Before your home is advertised, you will have your price approved. Then all you have to do is get the house under contract and close escrow as soon as possible. Banks are paying troubled sellers to sell their homes via SHORT SALES rather than foreclosure. Some banks will even pay sellers financial incentives to work with short-sale real estate brokers.
Banks will cover the seller’s closing costs. Sellers can almost completely complete their Corona short sales with no out-of-pocket expenses. This is a tremendous relief for cash-strapped sellers who are overdue on their mortgage payments. Forgiveness of Debts With the extension of the Mortgage Forgiveness Debt Relief Act, sellers will be immune from taxation on mortgage debt forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification for another year (including any principal reduction).
A short sale may help to avoid foreclosure and may even bring some financial relief. We live in a world of struggle, and unpredictability when it comes to money. However, if a financial or critical life catastrophe occurs, you may be faced with the prospect of foreclosure. This is a difficult scenario that might have long-term consequences for you and your financial life. It is critical to note that you should engage with a Realtor who is familiar with the mortgage business process.
“Hadi and his short sale team made me feel at ease from start to end. They were informed, compassionate, and eager to advocate for my family during the short sale process. Their communication was effective, and they took the time to explain things to me as needed. We would not have made it through the process without Hadi and the entire team! “stated Anthony Rahmedi, who had to sell his property due to a family financial crisis.
Home Smart Evergreen Realty works with buyers and sellers, attorneys, investors, and banks to identify the best financial solutions to meet the needs of all parties during the short sales process. Hadi and his team are unique in the area since they have marketing and transactional skills, as well as the ability to assist with the restoration and building needs of distressed or investment properties. If time is of the essence, they may be able to offer to buy the property as an instant cash transaction. Hadi with Ever Green Home Smart is a great resource for short-sale homes in Corona.
“Having to do a short sale on my home was very scary and intimidating, but Hadi and the team made it so easy! They took care of everything and took a lot of stress off my shoulders. I worked with Hadi specifically and he always made himself available for any questions I had. Everything was done within a short time! While their speciality is in short sales, a short sale may not be the right solution for each client. Their team places an emphasis on taking time to learn and understand each client’s circumstance in order to offer the best advice for your particular situation.
” said Sue M. Rodrigues who just went through a divorce.
You may reach out to Hadi for a free private confidential consultation if you have any questions about the short sale and how we can stop the foreclosure for you.
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