For more information about short sales, please contact Torelli Realty:
Torelli Realty
(714) 540-7355
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What Is A Short Sale?
In a short sale, a seller facing potential foreclosure strikes a deal with their mortgage lender to accept less than what they owe on the property, in exchange for avoiding foreclosure.What Are The Benefits Of A Short Sale?
+ Foreclosure is avoided. When a seller forecloses, the negative item is listed on their credit report and greatly affects their credit score. It can remain on a credit report for 7 years.
+ Although a short sale has an adverse effect on a seller's credit score, the seller can be approved for a new home loan in as little as two years as opposed to the 7 years a foreclosure is listed on a credit report.
+ The seller has control over their move out date, rather than being evicted.
+ The buyer picks up the property at a discount, and the lien holder avoids taking on the financial burden of having to unload the foreclosed home.What Are The Benefits of Torelli Realty As A Short Sale Negotiator?
Torelli Realty will:
+ Arrange all paperwork and submit the completed package to the mortgage lender.
+ Negotiate an accepted offer and stay on top of the lien holders until the situation is resolved in the seller's favor.
+ Require NO money towards the closing of the escrow and will negotiate with the bank so seller's owe nothing at the close.
+ Personally handle the entire short sale transaction, without the need or hassle of a third-party consultant.
+ Handle all lender "collection" phone calls.
+ Help to arrange for partial moving expenses for the seller.Facebook Fan Badge
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