What Is a Short Sale – Elk Grove CA

A short sale in Elk Grove CA entails an agreement in which your mortgage lender agrees to accept a payoff on the loan for less than the balance. Many lenders agree to a short sale because they receive more of the loan balance in comparison to the amount they would gain from selling the property following a foreclosure. This process also aids in maintaining home values, which helps the lenders, and helps the homeowner maintain a better level of credit compared to the Effects of Foreclosure. In most instances, homeowners considering a short sale must meet specific criteria to qualify: Here’s where the assitance of a “professional” is extremely helpful! Why Choose Tom to handle your Elk Grove Short Sale?

A short sale is not a typical real estate transaction. Most real estate transactions involve the home seller and their real estate agent, the buyer and their lender, and their real estate agent. In a short sale situation, all of those parties in addition to the seller’s loan servicer, a housing counselor, any junior lien holders, mortgage investors, and insurers may be involved too.

Elk Grove Short Sale Successes

 

 

SEE If Your Property Qualifies to Short Sale in Elk Grove and Sacramento