Miguel Garcia

Visit Us For The Best Online California Real Estate License Courses

If you are in a situation where you owe more than what your home is worth or if you need to sell but don't have the money for the difference at closing, this may well be the most important article/letter you'll read about selling your home. You need to look at the option of short selling your home.

When thinking about short sales, you have to keep one thing in mind; it is a very difficult transaction process that can easily cause more harm than good if not performed properly. This is why your choice in real estate agents may be the single most important factor determining whether the process is successful or not due to the complexities and sheer volume of issues that arise.

This is not a task to be undertaken by just any real estate agent. As a Certified Short-Sale Professional, CSP, I have been trained to navigate through the requirements that need to be met to get all parties to agree to the short sale. Finding a buyer is only half the battle. Once we have an able and willing buyer we must convince the lender(s) that they should grant you a short sale.

What should you expect during the process?

1. Calculate the value of your property. This will be accomplished by preparing a CMA and looking at the competition in your area and the condition of those homes. We will need to price and position your home so that it sells quickly and at a high enough price so the lender will agree to the terms.

1. Calculate your home's financial position. In this step we will examine the value from step 1 and compare this to the mortgages and other debt that is supported by the home value. If your home value is significantly less than your debt tied to the property you are a candidate for a short sale.

1. We will start searching for a buyer, especially those that have expressed interest in buying short sale properties. Not every buyer will want your property given the status and tenuous nature of a short sale. The buyer must be willing to deal with extended deadlines and additional demands made by your lender. Your lender is the key to a successful short sale transaction and we will need them to feel confident in the new buyer.

1. We'll need to contact your lender and explain your situation. Lenders are under no obligation to accept a short sale and the terms will be examined closely by the lender. The lender is the ultimate decision maker and must give final approval for short selling your home. Lenders may disapprove of any aspect of the transaction without reason or justification. Lenders do not have to be reasonable.

1. There may be tax repercussions in enacting a short sale transaction. Part of the process we will cover is the tax liability that may remain after the short sale transaction is complete. As with any tax related matter we will advise you to seek counsel from a tax professional or tax attorney.

Summary

As a Certified Short-Sale Professional I can handle the challenge of short selling your property and prevent you from succumbing to the many pitfalls that can beset those who are not familiar with the process. Thank you for putting your trust in me during this difficult period.

Miguel R Garcia

888-673-0666 ext 1

661-215-5770 E-Fax

miguel@elitereoteam.net

Hello,

My name is Miguel R Garcia and I am a Certified Short Sale Pro. If you are looking for an agent to assist you in negotiating your Short Sale well look no more I am here to assist you in the process. You can contact me at 888-673-0666 ext 1

Hello,

My name is Katia Flores and I am a Loan signing agent certified in the Bakersfield, CA. I am an experience Loan Signing agent and with me you can be sure that the loan docs will be completed right at the first time. I am and experience agent in top of my notary experience I was a Loan officer for 3 years and currently I am the assistant of an REO agent in the Bakersfield, CA area. I have notarize multiple loan documents (references on request). any questions or if you need a fast and reliable Loan signing agent please call me (888)673-0666 ext 2.

Thank you

Hello,

Do you need help with your Short Sale?

Well, I can help you in my coverage area. I serve the Bakersfield, CA area. I am a Certified Short Sale Professional, Certified Property Valuator, REO Default Certified Professional.

The most important thing. (I had close Short Sales).

Documents nessesary to Start a Short Sale:

1. Last 2 year taxes with W'2. If self employed 1099's with a letter from your CPA.

2. Last 2 months Paystubs.

3. Last 2 months Bank Statements.

4. Hardship Letter. (Explaining the reason of the hardship)

5. Financial Statement. (I will provide this sheet)

6. Listing Agreement.

7. Purchase Agreement. (We will need to get a Buyer fast).