About Corona's Corona Hills

As the majority of Corona Hills residents of Corona, California can attest, the number of foreclosure sales in our community has had a devastating effect on home values. Some homes have lost as much as 50% of their value in the past 2+ years. As a result of this value decline many Corona Hills residents find it necessary to sell their homes, but find the value of their home isn't sufficient to pay off the mortgage owed to the lien holder (bank).

The importance of working with a real estate broker with a track record of successfully assisting homeowners with short-pay (short sale) situations cannot be overstated. The following is an absolute must if your goal is to obtain a loan modification OR short-pay (or short sale) approval:

You must hire a broker who knows how to contact the lender's loss mitigation department with your authorization and negotiate a favorable outcome while at the same time guarding against the possibility of the lender pursuing you afterwards for a deficiency judgment. A short sale deficiency judgment is the amount that was unpaid after the sale proceeds were completely exhausted. Do not contact the bank without the representation of an attorney or a real estate broker. Attorney's will typically charge you for their services regardless of outcome. Top real estate brokers are able to negotiate their fees from the lender, while the home owner is relieved of paying any real estate fees.

Bookmark this page and return frequently for Corona Hills updates.

If you have an item of interest in the Eastvale neighborhood... email CoronaHills@myagentgateway.com and I'll add any appropriate content to the site..

Cameron Novak
Corona Hills Real Estate Broker
The Homefinding Center
Corona, California
951-212-7479

Corona Short Sale Agent Profile