Facing Foreclosure on Your Long Beach Home? It May Not Be Too Late for a Short Sale

Recently I received a phone call from Long Beach homeowners who had just received a notice of trustee sale. With the foreclosure sale around the corner, they wanted to know if it was too late to do a short sale.

The answer? Not necessarily. We listed theirLong Beach home as a short sale, helped them select an effective pricing strategy and quickly launched an aggressive marketing campaign that resulted in three offers in just three days.

We were then able to submit a complete short sale package to our clients' bank, Bank of America, and just last week, we got the trustee sale postponed, allowing time for the bank's review of the short sale.

Hopefully, we'll be able to secure a short sale approval for these Long Beach homeowners as we have for dozens of others. For them, doing a short sale rather than simply allowing the home to go to foreclosure means they may be able to buy another home in 2-3 years -- which is their goal.

Some Realtors will not list homes when a trustee sale is already scheduled, but we are always happy to help homeowners explore their options. Yes, it is easier to do a short sale when it's earlier in the foreclosure process. And some banks have very strict deadlines with regards to submission of short sale packages prior to trustee sale dates. Each situation is unique.

If you or someone you know is facing foreclosure of a home in Long Beach or surrounding communities, we'd be happy to help you explore your options. I've been certified as a Pre-Foreclosure Specialist (PSC) and Certified Distressed Property Expert (CDPE).

If you'd be interested in a free E-Book on Fighting Foreclosure, please email Info@ShowMeHome.com and I'd be happy to send you one.