Eastvale Short Sales
As many Eastvale, Corona residents can attest, the number of foreclosure home sales in our community has had a devastating effect on home values. As a result of this value decline many Eastvale owners find it necessary to sell their homes, but find the value of their house isn't enough to pay off the mortgage owed to the lender.
The importance of working with a real estate broker with a track record of successfully assisting homeowners with short-pay situations cannot be stressed enough. The following is an absolute must when initiating negotiations with the bank for loan modification OR short-pay (or short sale) approval:
You must hire a real estate agent who knows how to contact the lender's loss
mitigation department with your authorization and negotiate a favorable outcome
of your short sale
while at the same time guarding against the possibility of the lender pursuing
you afterwards for a deficiency judgement. A deficiency judgement 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. Attorneys 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 related real estate
fees.
Bookmark this page and return frequently for updates for Eastvale, Corona real estate.
If you have an item of interest in the Eastvale, Corona neighborhood... email
Eastvale@myagentgateway.com and I'll add any appropriate content to the
site.
![]()
Cameron Novak
Eastvale Short Sale Specialist
The Homefinding CenterTM
Corona, California
951-212-7479
Chat About
Eastvale
Real Estate
24/7/365