Real Estate Short Sale – What is a Short Sale?
Real Estate Short Sales
We specialize in real estate short sales in San Diego County but also have experienced real estate agents throughout the country that we can refer to you.
Right now we are experiencing market conditions that are making Real Estate Short Sales very popular. Over the last few years you would never hear or talk about a short sale because your home had gone up in value and you would not be faced with a loss due to having to sell your home.
Now that the real estate market has slowed, and homes are not going up in value like they once did, you are hearing people talk about real estate short sales.
In case you didn’t know; what is a Real Estate Short Sale? To keep it simple, a Short Sale is when you sell your home for less than what you owe your mortgage company.
When does a short sale make sense? If you need to sell your home because you can’t make the mortgage payment or you need to move because of uncontrollable circumstances, then you should consider a short sale. Banks are very reluctant to do a Short Sale and do not make this an easy process. If you want to do a short sale, you have to get approval from the bank. It is not something they will allow everyone to do. The process you went through to get approved for your home mortgage, you will need to go through a similar process but this time showing the bank that you have no way of continuing to make your mortgage payment.
Depending on your situation, it may or may not make sense to do a short sale. We can help you understand and determine what all of your options are if you give us a call.
We want to see you make the right decision and we will help you do what makes the most sense for you, not for us. The most frustrating thing that we deal with in this market is the vultures that seem to surface every time someone has a difficult time with their mortgage payment. We want to warn you of these Real Estate Scams, Short Sale Scams and people offering to help you get rid of you home, or offer to have you sign the home over to them in exchange for money. Don’t do it, don’t sign anything. I can’t tell you how many horrible situations we see people get into because someone was looking to take advantage of an unfortunate situation.
After reading this you will ask yourself why we do this, I am sure they want to make money as well.
Yes, we make money but we make a reasonable real estate commission just like any other agent that would help you sell your home. We don’t have you sign your home over and then flip it, or rent it out to someone else and collect rent payments while it goes into foreclosure over the next few months. We have experience that goes far beyond your typical real estate agent. Our President, Carlos Aguilar has years of experience helping people with short sales. He has worked on the other side working in the loss mitigation and REO departments for several large institutions and knows exactly what needs to be done to complete a real estate short sale.
If you are experiencing difficulty making your mortgage payment, please call and speak with us about the possibility of a real estate short sale.
We have been working with banks for years and have helped hundreds of people complete a short sale from start to finish.
Carlos Aguilar
Team Aguilar
Real Estate Short Sale options in San Diego.
April 16th, 2008 at 12:49 pm
Thanks for great overview of short sales. Did you know there is now a online course to help agents with short sales. You may want to check it out. Its at http://www.certifiedshortsaleprofessional.com/
April 16th, 2008 at 1:58 pm
I have seen a lot of different course start to pop up as a result of the short sale and foreclosure market. It’s interesting to see all of these experts come out and make a lot of money on basic information anyone can learn on their own!