SHORT SALE INFORMATION 

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a bowers cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid  foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.
FOR MORE INFORMATION ON WHAT A SHORT SALE IS?
                   PLEASE CLICK HERE

BEFORE YOU CONSIDER THE OPTION OF SHORT SALE FOR YOUR PROPERTY, PLEASE CHECK WITH YOUR LENDER TO SEE IF YOU CAN "STAY" IN YOUR HOME?  CALL ME IF YOU NEED ASSISTANCE ON HOW TO APPROACH SPEAKING WITH YOUR LENDER. THERE ARE PROGRAMS TO HELP YOU BOTH STAY IN YOUR HOME/HAMP PROGRAM & HELP YOU SELL YOUR HOME HAFA PROGRAM.

Home Affordable Modification Program (HAMP)

The Home Affordable Foreclosure Alternatives (HAFA) program is for borrowers who, although eligible for the government Home Affordable Modification Program (HAMP), are not able to secure a permanent loan modification or cannot avoid foreclosure. HAFA provides protection and money to eligible borrowers who decide to do a Short Sale

IF YOU ARE TOLD YOU CAN'T MODIFY THERE IS STILL HOPE TO IF YOU COOPERATE IN THE SHORT SALE PROCESS. SOMETIMES THEY REWARD YOU WITH "CASH" Borrowers receive $3,000 for relocation assistance & more in some cases but you must qualify. More information on the link below.

THE LINK BELOW WILL EXPLAIN THE HAFA PROGRAM.

                                                 PLEASE CLICK HERE

-TO CHOOSE THE SHORT SALE OPTION CAN HELP YOU TO SAVE YOUR CREDIT FROM A FORECLOSURE. 

-IN BOTH FORECLOSURE AND SHORT SALE THE LENDER/MORTGAGE HOLDER/BANK, CAN STILL COME AFTER YOU FOR THE BALANCE OF THE LOAN AMOUNT IF THEY CHOOSE TO OVER THE NEXT 5 YEARS AFTER THE SALE OR FORECLOSURE.  CURRENTLY THE LAW HAS CHANGED SOME AND CAN FORGIVE THE AMOUNT OWED IF THE PROPERTY WAS A PRIMARY RESIDENCE. 

***IF THE HOME GOES INTO FORECLOSURE THE AMOUNT OF LEGAL FEE'S ETC WILL  ADD THOUSANDS TO THE DEFICIENCY SO "SHORT SALE" SAVES MONEY, POINTS ON YOUR CREDIT SCORE AND YOUR ABILITY TO BUY A HOME FOR THE NEXT 3 YEARS IS STILL A POSSIBILITY. 

                                           CLICK HERE TO LIST YOUR HOME

TO GET STARTED I WILL NEED

-PROPERTY ADDRESS
-HOW MANY BEDROOMS?
-BATHS ?  HALF BATHS?
-GARAGE 1? 2? 3? CAR
-POOL YES? NO?
-LENDER/MORTGAGE COMPANY?
-DO YOU HAVE A SECOND MORTGAGE?
-LOAN NUMBER?   1ST ?      2ND?
-HOW MANY PAYMENTS ARE YOU BEHIND?

***YOU MUST BE BEHIND ON YOUR MORTGAGE PAYMENTS TO SHORT SALE YOUR PROPERTY (TYPICALLY 2 PAYMENTS BEHIND AT LEAST)
***YOU MUST BE THE PRIMARY HOME OWNER AND THE MORTGAGE HOLDER AS WELL. 

EMAIL ME THE ABOVE INFORMATION
LAJOIECENTURY21@CFL.COM
PUT SHORT SALE LISTING AND YOUR ADDRESS IN THE SUBJECT LINE

DOCUMENTS NEED FOR A SHORT SALE (MOST CASES I WILL PROVIDE THE FORMS NEEDED BELOW)
                               -AUTHORIZATION LETTER (FORM)
                               -TAX RETURNS FOR THE PREVIOUS 2 YEARS
                               - W2'S OR 1099 FOR THE PAST 2 YEARS
                               -BANK STATEMENTS FOR THE PREVIOUS 2 MONTHS
                               -FINANCIAL STATEMENT (FORM)
                               -HARDSHIP LETTER (FORM)
                               -PROOF OF ALL INCOME FOR PREVIOUS 2 MONTHS
                               -IRS FORM 4506T (FORM)
                               -CARRYING COSTS (FORM)
                               -SELLERS CERTIFICATION STATEMENT (FORM)
                               -PRELIMINARY CLOSING WORKSHEET (FORM)

***YOU WILL NEED TO UPDATE YOUR BANK STATEMENTS, PAY STUBS EVERY 30 DAYS OR WHEN I GET A BUYER FOR YOUR PROPERTY. PROVIDING ALL THE NECESSARY DOCUMENTS IF VITAL TO A SHORT SALE.