This is the question on everyone's mind.  With so many homes and properties now selling for so much less than just a few years ago, many owners worry they won't be able to sell for enough to pay off what they owe. 

We face this issue daily, and thoroughly understand and professionally handle all types of sales, whether conventional, short, or foreclosure.  You can trust our advise to be in your best interests. 

• Our honest valuation will help you know what to expect from your sale.
• We include our Trend Analytics© prediction of potential future value, providing guidance for timing your sale to maximize your net proceeds.
• If your property is "upside-down", we will knowledgeably present and discuss your options with you, and refer you to an expert tax adviser that we trust to guide you.  Then we will proceed with the plan that works best for you.

There are many regulations and rules involved, with consequences for the seller potentially involving taxes, credit, and possibly other issues. CJ Holmes, a real estate broker, is not a CPA nor Attorney and can not and is not giving legal advice regarding the consequences to the Seller(s) of their short sale. It is highly recommended the Seller(s) seek competent, professional advice regarding these consequences and how
they will affect the Seller(s).

In a short sale, Lenders pay commissions to the licensees involved, so there is no cost to the sellers. Many Lenders also offer some type of “cash for keys” program, which we do our best to get for our clients, but we cannot guarantee this will occur.   The Lender(s) will order valuations, and the Buyer may order inspections.

The short sale process can and probably will include:
     1. Long and delayed time frames for Lender(s) response(s), lasting several months
     2. Unexpected fast Lender agreement to offered price
     3. Lender(s) deciding to require more for the property debt than what is offered
     4. Lender(s) refusing to sell a property short
     5. Lender(s) agreeing to a Short Sale Offer, mitigating foreclosure consequences

Other Information you can request from us include:
     1. Handout of IRS Mortgage Forgiveness Debt Relief Act & Debt Cancellation (Purchase Money, Primary residence only)
     2. Handout of Loan Modification Fees Banned in California - from Jan 1, 2010 to Jan 1, 2013
     3. Handout of Impact of Adverse Credit Events on Ability of Consumer to Purchase Another Home From the National Association of Realtors (NAR)
     4. A list of typically required Short Sale Paperwork, and handling collector’s phone calls
     5. Handout of Typical Timeline Activity - What to Expect

We do our best to keep all information and the short sale process as private as possible. Please don’t hesitate to ask any questions when you have them, either by phoneor email.  Thank you for giving us the opportunity to work with you in this stressful time.