Chula Vista Short Sale Specialist
What is a short sale?
A short sale is typically for the Chula Vista homeowner who is in some kind of hardship or underwater in their home. A short sale happens when the homeowner seeks the approval from their lender to sell the property for less than what is owed on the mortgage loan in order to avoid a foreclosure.
How can I qualify for a Short Sale?
The main qualification a short sale usually consists of being in some sort of financial hardship. Some hardships that may qualify you include
- Active Military Transfer
- Excessive Medical Bills
- Death of a Family Member
- Job relocation/transfer
- Loss of Employment
- Reduction of income
- Substantial repairs needed to property
- increased living expenses
These are just some of hardships that are usually accepted in a short sale. We are local Chula Vista short sale agents who offer free help to home owners like yourself in order to avoid foreclosure. Find out if you qualify for a short sale today with a short, ten minute phone call to us to discuss your circumstances - (877)737-4903
What will I need to provide for my short sale?
In a short sale the homeowner will most likely be asked to provide a bundle of financial documentation as well as a hardship letter to verify their need to be rid of their obligation to their mortgage loan. This cluster of paperwork is called a short sale package. This package is highly important for it holds all of the necessary information a lender would usually need to make their best judgment on the approval or rejection of a Chula Vista short sale. An example of the necessities of the short sale package would be:
- Letter of Authorization
- Preliminary net sheet / closing cost estimate
- Tax returns
- Payroll stubs
- Copies of bank statements
- Comparative Market Analysis
- Short Sale Hardship Letter
Why are short sales beneficial?
A short sale has the ability to save a homeowners credit by simply decreasing the amount of time before they can apply for another loan as well as the amount of damage ones credit score would take. In a foreclosure, it has been known to drop a homeowner’s credit by 300+ points, whereas a short sales impact to credit is mostly based on points from each missed mortgage payment. Also, in a short sale, a lender agrees to forgive the borrower of any lost money / deficiency, whereas in a foreclosure a borrower can still be liable to repay their lender for their losses on the loan. In addition, there are often relocation incentives of as much as $40,000 from your lender to encourage you to do a short sale.
Can any Chula Vista Realtor short sale my home?
No. Most agents lack the expertise and experience needed to properly navigate the short sale process. Don't trust your financial future to just anybody. We have helped hundreds of area home owners through the short sale process and have an approval rate of over 97%. As your Chula Vista short sale Realtors, we will handle all the traditional process involved with the sale and market of your home, and most importantly, we will work directly with your lender to help process and get the short sale approved and get you completely forgiven of the debt. In a short sale, your traditional Realtor fees and all seller paid closing costs are paid for by your lender. There should never be a cost involved in a short sale.
Contact us today at (877)737-4903 or fill out the form below to speak with a local Chula Vista short sale specialist who can answer any questions you have and help get the process started. It will only take a ten minute phone call to find out today if you qualify for a short sale.
If you are looking for the best short sale agent in Chula Vista to handle your short sale as well as carry the experience that is needed for the Equator short sale platform, all at no cost assistance , then contact us today. We are your Chula Vista California Short Sale Specialist Realtors and we are here to assist you through this process and offer no cost help to you in order to avoid a foreclosure.