Short Sale Information
In light of whats going on in our econony , and in the local housing market, with so many people facing foreclosure or finding themselves upside down in their mortgages. It takes special training to help homeowners in distress.
I can help you avoid foreclosure through a new program
Home Affordable Foreclosure Alternatives (HAFA)
I am a HAFA certified specialist as well as a SFR short sale & foreclosure resource.
I can help you:
1. Sell Your Home Quickly and Easily For Top Market Value
2. Pay Nothing. Absolutely No Commissions & No Closing Costs
3. Avoid Foreclosure
3. Save Your Credit & buy again in 2 years
5. Walk Away From Your Home With No Debt And No Tax Consequences
What is a Short Sale?
In a short sale, the lender agrees to settle the debt owed on the property for less than the full amount. “Settled” means that the lender is writing off the debt, and through HAFA, they agree not to go after you for the money they lost by filing a deficiency judgment in the future.
If you need to sell your home, but owe more on your home than it is worth, you may qualify for a short sale through the HAFA program.
Benefits of Short Sale
1. You will not have the stain of a foreclosure or a bankruptcy on your credit
2. Through fannie mae, you can buy again in 2 years.
3. A short sale actually saves your credit. It is treated by your lender as a “settlement of a debt”, and as opposed to a foreclosure or a bankruptcy, it is infinitely easier on your credit.
4. The federal debt forgiveness act & california debt forgiveness act provide that you do not have to pay income tax on the money that is forgiven.
Short sales are a different than a regular real estate transaction. Which is why it pays to hire a real estate agent who is trained and certified in the HAFA program. I have helped many homeowners complete the short sale process and avoid foreclosure. It is my goal to help you through the process with as little stress as possible.
Home Affordable Foreclosure Alternatives (HAFA) incentives:
As the home owner, it provides you with $3000 to help with your relocation.
The lender is required to agree not to pursue you for a deficiency judgement.
Uses a standard process, documents and timeframes, making the process more timely & easier to navigate.
Timing is absolutely critical
The sooner you start the process, the more options you will have. The worst thing you can do is procrastinate. All it takes on your end is a phone call to find out if you might qualify for a short sale.
So give me a call , or send me an email , and we'll go over your options today.
I hope to talk with you soon.
Sincerely,
Michele Metz
My Marketing Plan to Sell Your Home
- Complete a comparative market analysis that will compare your home's value to that of your neighbors.
- Compile a comprehensive plan detailing all the efforts I will employ to sell your home, including Internet and local media.
- Present your home to as many qualified buyers as possible getting your home maximum exposure.
- Help you stage your home and generate curb appeal to ensure you get the highest price.
- Assist with obtaining offers and help you in negotiating the best deal as smoothly as possible.
- Help you find your next home and answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.
What are homes selling for on your street? Feel free to contact me to find out what neighborhood homes are selling for, free of charge, or to receive a more detailed analysis of the value of your home.
Getting the Highest Price for Your Home
Curb appeal is key and could make a difference whether people stop and take a flyer, or drive right by. Here are a few tips to increase the curb appeal of your home. Staging your home is important. Many buyers will stay in your home longer if it's staged appropriately. I have compiled some ideas to present your home in the most effective manner.
- Title insurance fees depend on the sales price of the home.
- Broker's commission is a full-service fee and will cost anywhere between 5% to 7%.
- Local property transfer tax, county transfer tax, state transfer tax, and state capital gains tax are the charges that you'll pay for the privilege of selling your home. Credit to the buyer of unpaid real estate taxes for the prior or current year are variable and depend on when you close and when your taxes are due.
- FHA fees and costs are all fees are now negotiable between an FHA buyer and seller.
- Home inspections fees are in some circumstances paid for by the seller and include pest, radon and other inspections.
- Miscellaneous fees can accrue from correcting problems noticed during the home inspection.
